Recently the Consumer Financial Protection Bureau (CFPB) published a bulletin (CFPB Bulletin 2013-02) that provides guidance on compliance with the fair lending requirements of the Equal Credit Opportunity Act (ECOA) and Regulation B for indirect auto lenders. The bulletin addresses practices that permit dealers to increase consumer interest rates and to compensate dealers with a share of the increased interest revenues. This guidance applies to all indirect auto lenders, including both depository institutions and nonbank […]
Category: Compliance Management
COMPLIANCE MASTERS GROUP
Are you looking for help to keep up with all the regulatory changes? Do you wonder what other banks are doing to cope with the volume of new regulations? Compliance Resource, LLC is offering free preview sessions of their Compliance Masters Group (CMG) this Thursday, March 21st from 11:oo am (EDT) to noon, and again on Thursday April 4th from 11:00 am (EDT) to noon. The free one-hour preview sessions explain how the CMG works, previews […]