California CARS Act (SB766): New Auto Dealer Regulations Proposed in 2025
The California CARS Act (SB766) proposes new disclosure, cancellation, and recordkeeping rules for auto dealers. Learn how it could affect the industry.
Category: Finance
Supreme Court Rules Against Community Financial Services Association
Supreme Court Rules Against Community Financial Services Association On May 16, 2024, the U.S. Supreme Court issued its opinion in Consumer Financial Protection Bureau, et al. v. Community Financial Services Association of America, Ltd., et al. Case No. 22-448. The primary challenge in this case was brought by “several trade associations representing payday lenders and credit-access businesses” in an effort to claim that the manner in which the Consumer Financial […]
Consumer Financial Protection Bureau Has New Leadership
With the recent confirmation of President Biden’s nomination to head the Consumer Financial Protection Bureau (“CFPB”), Mr. Rohit Chopra, the CFPB has new leadership and likely a more aggressive approach towards business than under prior leadership.
Charging Interest Finance Charges for Repo Fees
A point of contention for finance companies and other holders of retail installment sales contracts has been whether a consumer may be charged for interest/finance charges for unpaid costs associated with a vehicle repossession.