“Embrace change.” Besides being generally good life advice, that mantra also encapsulates the theme of the American Financial Services Association Independents Exposition 2017.
Greetings to everyone we met at this year’s American Financial Services Association conference! We had a blast at the 21st Annual AFSA Vehicle Finance Conference and Expo, hanging out in New Orleans (shoutout to Pat O’Brien’s and Lafitte’s Blacksmith Shop Bar—the oldest bar in the US) and participating in numerous worthwhile conversations with auto lenders […]
For those of us concerned with federal fair lending laws, 2017 is shaping up to be an historic year. An unprecedented administration will assume control of the highest levels of government at the end of this week, and many Consumer Financial Protection Bureau watchers—myself included—are wondering what the next few months and years have in […]
Some things are worth repeating. Like Compli’s CFPB six-part Webinar series. For those of you who missed out on the webinar the following recap will catch you up on what you missed. And for those of you who were a part of the webinar, this should be a great refresher.
The consumer finance industry could be on the cusp of change. Donald Trump has promised to roll back the Dodd–Frank Wall Street Reform and Consumer Protection Act, and all signs thus far point to the President-elect keeping his word. By this time next year, the Consumer Financial Protection Bureau could look different, and wield less […]
During a recent webinar, we posed a simple question to our attendees: Have you built a compliance management system that would stand up to the Consumer Financial Protection Bureau’s scrutiny? Here’s how our informal poll played out:
If your partners are not compliant, neither are you. That’s one message at the heart of the Consumer Financial Protection Bureau’s enforcement actions. In the CFPB’s perspective, you are not only responsible for how your company operates, but also for your vendors, agents, affiliates and any other third parties who represent you or do business […]
“If it wasn’t documented, it didn’t happen.” Besides being a great piece of general business advice, the old idiom neatly sums up regulators’ attitudes toward your workforce compliance program.
It’s not every day that a federal court declares a government agency’s structure unconstitutional. And yet that’s exactly what happened to the Consumer Financial Protection Bureau earlier this month.
Think your organization is prepared for a Consumer Financial Protection Bureau examination? You aren’t ready for the CFPB until you have undergone an audit.
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