Post Tagged with: "compliance"

Regulatory Attention Points to Challenges Ahead [VIDEO]

Regulatory Attention Points to Challenges Ahead [VIDEO]

Best Practices, Compliance August 24, 2017 at 9:00 am

The auto finance market needs to focus on “generating positive messages as it endures a flurry of negative publicity” and growing attention from regulators. That is the key takeaway from a video posted this week by White Clarke Group on a panel debate at the International Auto Finance Conference, whichRead More

3 Best Practices for Training Debt Collectors

3 Best Practices for Training Debt Collectors

Best Practices, Compliance, Guides, HR, Management, Payments August 21, 2017 at 1:00 pm

Auto loan delinquency rates are at the highest level since the 2007 financial crisis, which is why auto lenders are investing more time in debt collection best practices. As such, refining and bolstering training for debt collectors has become increasingly important. Auto Finance News spoke with a few experts inRead More

Not All Compliance Management Systems Are Created Equal

Not All Compliance Management Systems Are Created Equal

Best Practices, Compliance August 8, 2017 at 10:15 am

While the Consumer Financial Protection Bureau continues to expand into various business lines and increase the number of industries they supervise and hold enforcement power over, the FDIC, FED, and various state regulators have all incorporated the CFPB’s hyper focus on consumer risk into their supervision duties. As such, regulatoryRead More

What Gets Measured Gets Done: Establishing Key Risk Indicators to Measure Compliance Health

What Gets Measured Gets Done: Establishing Key Risk Indicators to Measure Compliance Health

Best Practices, Compliance, Risk August 7, 2017 at 9:00 am

When we visit a doctor, we learn much about our health risk based on various measurements. Doctors check our blood pressure, heart rate, and cholesterol levels, and then compare them to medically determined acceptable rates. If our results are higher than the acceptable rates, doctors will advise us how toRead More

How the Supreme Court Turned Debt Collection Into a Grammar Lesson

How the Supreme Court Turned Debt Collection Into a Grammar Lesson

Compliance, Operations, Opinion July 10, 2017 at 10:30 am

On June 12, the Supreme Court settled a question about the status of debt buyers under the Fair Debt Collection Practices Act (FDCPA) that has been the subject of uncertainty for years: “Is a person who purchases debt for his own account a debt collector if he tries to collectRead More

Choice … or No Choice?

Choice … or No Choice?

Compliance, Opinion July 3, 2017 at 11:00 am

How’s that Dodd-Frank reform — the Financial Choice Act — coming along? Unless you’ve been under a rock for the last month, you’ll have noticed that things are not going so well for the Trump administration, and by extension, Republicans in the House and Senate. Between the Russia investigation, the FBI director’sRead More

New Webinar Offers Tips to Make Compliance Training Fun

New Webinar Offers Tips to Make Compliance Training Fun

Best Practices, Compliance June 26, 2017 at 10:06 am

Making compliance training fun seems impossible — and expensive — but there are simple ways to alter training initiatives to engage employees without breaking the bank. That’s the upshot from the latest webinar hosted by the Center for Auto Finance Excellence entitled “Can Compliance Be Fun? Tips & Tools toRead More

Federal Trade Commission

FTC Attorney Discusses Civil Investigative Demand [VIDEO]

Compliance June 21, 2017 at 9:50 am

Communication is key with respect to the compulsory process, said Colin Hector, an attorney at the Federal Trade Commission (FTC), during a panel at the Auto Finance Risk & Compliance Summit last month. When the FTC was created in 1914, its purpose was to prevent unfair methods of competition in commerce as part ofRead More

Compliance Insider: Time to Read the Tea Leaves Again

Compliance Insider: Time to Read the Tea Leaves Again

Best Practices, Compliance, Opinion January 26, 2017 at 10:30 am

The looming reality of a Donald Trump administration surely has staffers at many agencies in a tizzy, fearing their work over the last eight years is about to be erased. That’s a bit extreme, but it’s human nature to think the worst is going to happen when politics takes anRead More