Compliance News

A lawsuit has been filed against national auto lender Credit Acceptance Corporation (CAC) for allegedly making unfair and deceptive auto loans to thousands of Massachusetts consumers, providing investors with false…
Risk Point Underwriters LLC announced that Scott A. Hoy has been named Executive Vice President for the specialty auto dealer underwriting unit. Scott will be responsible for driving profitable growth…
Illinois Attorney General Kwame Raoul filed a lawsuit against Skokie Motor Sales Inc. operating as Sherman Dodge, for allegedly engaging in unfair and deceptive advertising and business practices. Sherman Dodge’s…
The Federal Trade Commission reported that Volkswagen and Porsche repaid a total of more than $9.5 billion since 2016 to car buyers stemming from the companies’ deceptive “clean diesel” advertising…
Complaints about credit and credit consumer reporting were among the top issues in the Consumer Financial Protection Bureau’s recently updated Complain Bulletin based on searches that include “coronavirus” keywords. The…
Scrap metal dealers now required by state law to register with the attorney general’s office for the first time since 2017 may now begin doing so, Kansas Attorney General Derek…
The U.S. Supreme Court ruled that the head of the Consumer Financial Protection Bureau can be fired by the President and that the structure of the body violates the Constitution’s…
New York City car dealer Bronx Honda and its general manager, Carlo Fittanto, will pay $1.5 million to settle Federal Trade Commission charges they discriminated against black and Hispanic car…
Wolters Kluwer Compliance Solutions has announced that its Paycheck Protection Program (PPP) supported by TSoftPlus solution – designed to help banks, credit unions, and other local lenders support small businesses…
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