Can you remember the last time you cleaned out your refrigerator? A grimy fridge isn’t just unpleasant; it can hasten spoilage, encourage mold and bacteria growth, and even increase your electric bills. Still, many of us don’t sort through the food we keep in cool storage as much as we should—it’s just not very high […]
The latest corporate compliance news around the topic of Fair Lending. CFPB, DOJ, FTC – tools and insights to keep you out of these regulators’ crosshairs.
Recently, Hudson Cook’s Lucy Morris joined a “fireside chat” with Tom Pahl where he discussed the FTC’s consumer protection priorities and its initiative to reform the agency’s investigative process. Tom Pahl is the new head of the FTC’s Bureau of Consumer Protection, as the Acting Bureau Director. Previously, Pahl served in various roles at the […]
There are many ways to manage and measure compliance. Manually with paper, electronically with spreadsheets, and using an automated compliance management systems are three of the most common. On the face manual and electronic systems seem the most cost effective. But if you dig in deeper and actually look at the time these systems take […]
Among the many acronyms, abbreviations, and jargon in the consumer finance industry, there are the obvious ones, and then there the assemblages of characters that look like the results of random pounding on a keyboard. “UDAAP” falls into the second category—but it’s not nearly as complicated as it looks. In theory, at least, UDAAP is […]
Joe Aakre is Compli’s Senior Sales Engineer, but you might know him better as Professor Joe, our resident scholar and lecturer on all topics compliance. Earlier this month, Joe broke out his signature pedagogical pipe and led us through a webinar on how to use our cloud-based software, Compligo, for Fair Lending compliance. If you […]
We polled attendees from our recent webinar on changes to fair lending compliance in light of the new administration (It was a hot webinar, catch the replay, if you missed it).
Remember a time before the CFPB? Believe it or not, everyone’s favorite regulatory agency (read those last few words in whatever tone you’d like) is only 5 years old. But where we are in the Consumer Financial Protection Bureau’s overall saga is hard to say. President Donald Trump has expressed skepticism toward the agency, and […]
Cost savings is such a sweet, yet sensible phrase. In an industry that is experiencing a downward trend in return on assets (ROA) and pre-tax margin, liek we’re seeing in auto finance,then cost savings is a must. Pre-tax margin indicates the profitability of an industry and ROA is an indicator of how effective management is […]
Hudson Cook stops by the Smart Compliance Blog this week, where Allen Denson and Lucy Morris give us their take on the state of regulations in 2017. Here’s what they had to say:
You’ve probably heard a lot recently about cars that drive themselves. But what about vehicles that turn themselves off?