CFPB’s Deputy Assistant Offers Insights Into Examinations [VIDEO]

Consumer Financial Protection Bureau exams are typically dreaded across the industry, but Calvin Hagins, the Bureau’s deputy assistant director for originations, said lenders “should look forward to them,” during a panel discussion at the 2017 Auto Finance Risk & Compliance Summit. The exams are an opportunity for the CFPB to learn about the industry, and lenders […]
  • Huixin Deng
  • June 29, 2017
  • 0

Dropping Used-Vehicle Prices Is ‘Barely’ a Positive Sign [VIDEO]

Used-vehicle prices have been on a wild ride lately, but will dropping prices be a positive sign for the economy? The answer is “barely yes,” according to William Strauss, senior economist and advisor for the Federal Reserve Bank of Chicago. “In fact, I would get nervous if we started to see more severe discounting,” Strauss said […]
  • Huixin Deng
  • June 23, 2017
  • 0

FTC Attorney Discusses Civil Investigative Demand [VIDEO]

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 of the battle to “bust the […]
  • Huixin Deng
  • June 21, 2017
  • 0
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