FTC Denies Extending Comment Period on Proposed Dealer Regulations
The FTC voted 5-0 against a further deadline extension after receiving approximately 2,400 comments.
The FTC voted 5-0 against a further deadline extension after receiving approximately 2,400 comments.
Dealers are increasingly relying on ‘soft pull’ credit checks to initiate the vehicle financing process, but two recent cases prove the technology can bring unintended legal exposure.
WASHINGTON, D.C. — Four associations representing 12,000 banks and credit unions submitted a letter to Senate leaders urging them to consider replacing the Consumer Financial Protection Bureau (CFPB)’s single-director structure with a five-person bipartisan commission next year. The associations listed in the letter, which was sent on Wednesday to Senator Majority Leader Mitch McConnell (R-Ky.) ... Read More »
ORLANDO, Fla. — US Equity Advantage (USEA) will temporarily suspend its biweekly loan payment service in 16 of the 50 states in which it does business at the end of September. The decision comes in response to recent regulatory changes concerning licensed money transmission and related restrictions placed on the company by its banking partners. ... Read More »
Washington — A group of House Democrats is reintroducing sweeping auto safety reform legislation a year after General Motors Co. recalled 2.6 million vehicles now linked to at least 57 deaths, reported The Detroit News. Rep. Jan Schakowsky, D-Ill., is reintroducing a measure that would dramatically hike the National Highway Traffic Safety Administration’s auto safety ... Read More »
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