Post Tagged with: "Baker Donelson"

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Indirect Auto Lending: GAO Opinion Provides Clarity, But Will It Be Enforced?

Best Practices, Compliance, Opinion March 6, 2018 at 11:00 am

A recent finding by the U.S. Government Accountability Office (GAO) could have a significant impact on the indirect auto lending industry. In December, the GAO issued an opinion declaring that a Consumer Financial Protection Bureau bulletin issued on March 21, 2013, titled “Indirect Auto Lending and Compliance with the EqualRead More

CFPB Continues Focus on UDAAP

CFPB Continues Focus on UDAAP

Best Practices, Compliance November 20, 2017 at 10:30 am

There is a continued focus by the Consumer Financial Protection Bureau on acts or practices deemed unfair, deceptive, or abusive — commonly called “UDAAP.” Following is a summary overview of UDAAP and an analysis of a recent argument made by the CFPB in this area: Unfair acts or practices areRead More

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CFPB Appears Poised to Increase Its Focus on Auto Lending

Compliance, Opinion August 11, 2016 at 12:07 pm

By Blair B. Evans and Craig Nazzaro, Baker Donelson The Consumer Financial Protection Bureau utilizes a risk-based analysis in its approach to its supervisory and enforcement efforts. The Bureau’s risk-based approach includes factors such as the potential risk to a consumer from products offered in the market and complaints generatedRead More