No matter who’s in charge, compliance is good business. That was the overarching theme of two events I recently attended: the American Financial Service Association’s 2018 Independents Conference and the 2018 Auto Finance Performance and Compliance Summit. No matter who’s in charge, compliance is good business. That was the overarching theme of two events I […]
It’s hard to believe the 2018 AFSA Vehicle Finance Conference happened nearly a month ago. I’d like to take this opportunity to thank this year’s incredible speakers, as well as everyone we met and connected with during the event. It’s also hard to believe that the next AFSA event is just 2 weeks away! The […]
In a week, Compli will be heading to the 2018 American Financial Services Association Vehicle Finance Conference & Exposition in Las Vegas. As the auto finance industry’s premier conference, the event is a rare opportunity to take the pulse of today’s organizations and get a glimpse of what the next year holds in terms of […]
In case you haven’t heard (you have), the Consumer Financial Protection Bureau has a new Acting Director, and a new emphasis on enforcement based on “quantitative analysis” of consumer harm rather than regulatory “envelope pushing.” With Mick Mulvaney in charge, the Bureau has dropped a number of investigations and pending lawsuits against lenders, and its […]
As though the news cycle weren’t frenzied enough: Consumer Financial Protection Bureau Director Richard Cordray has announced his impending departure from the bureau.
Last week, I had the pleasure of attending the American Financial Services Association’s 2017 Annual Meeting. As I wrote on this blog before the meeting, this year’s theme seemed to be uncertainty. Several questions have been swirling around in lenders’ minds over the past year, and while I didn’t expect definite answers, I looked forward […]
It feels like just yesterday that I was writing about heading to New Orleans for an American Financial Services Association conference, and here we are again, just days away from the 2017 AFSA Annual Meeting.
You already know what happens when you assume. (Or at least I’m assuming you do—so what does that make me?) In terms of fair lending compliance, however, there’s a much greater price to assumption: a Consumer Financial Protection Bureau enforcement action.
Earlier this month, the United States House of Representatives passed H.R. 10, otherwise known as the Financial CHOICE Act. Introduced by House Financial Services Committee Chairman Rep. Jeb Hensarling (R-Texas), the legislation aims to bring about sweeping changes to the Dodd–Frank Wall Street Reform and Consumer Protection Act and the Consumer Financial Protection Bureau.
What happens in Vegas stays in Vegas. Except if it’s a conference recap. I’m back from the 2017 American Financial Services Association Independents Exposition, and feeling inspired by the insights delivered by the expo’s speakers, as well as by the people and organizations I met along the way. Thanks to those who worked on stage […]
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