News & Analysis as of

Car Dealerships › Credit Reports

Hudson Cook, LLP

When Does a Consumer's Permission to Make Credit Inquiries Expire?

Hudson Cook, LLP on

If at first you don't succeed, try, try again, right? That advice may be good for life in general, but it's not so good for running credit inquiries. ...more

Hudson Cook, LLP

CFPB's Consumer Response Annual Report for 2024 Analyzes Increased Consumer Complaints

Hudson Cook, LLP on

The Consumer Financial Protection Bureau recently delivered its Consumer Response Annual Report for 2024, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The report includes analyses of...more

Hudson Cook, LLP

Is it time to "tune up" your compliance with the Fair Credit Reporting Act ("FCRA")?

Hudson Cook, LLP on

In September 2021, the FTC approved technical changes to five regulations implementing the Fair Credit Reporting Act. Under the Dodd-Frank Act, the CFPB may not exercise any rulemaking, supervisory, enforcement or any...more

Holland & Knight LLP

FTC Approves 5 FCRA Rule Changes

Holland & Knight LLP on

The Federal Trade Commission (FTC) issued a final rulemaking on Sept. 8, 2021, clarifying that five Fair Credit Reporting Act (FCRA) rules for which it retains rulemaking authority will apply only to motor vehicle dealers....more

Alston & Bird

FTC Seeks Comment on Proposed Changes to FCRA Rules for Motor Vehicle Dealers

Alston & Bird on

A&B ABstract: The FTC is seeking public comment on proposed changes to five FCRA rules aimed at clarifying that these rules, as promulgated by the FTC, apply only to motor vehicle dealers, as equivalent rules promulgated by...more

Hudson Cook, LLP

'Everything but the Kitchen Sink' Complaints

Hudson Cook, LLP on

Some plaintiffs' lawyers operate on the theory that if you fling enough bovine byproduct against the barn wall, some of it will stick. They include in their complaints every possible claim, regardless of how tenuously those...more

Womble Bond Dickinson

Court Finds Permissible Purpose Under FCRA, Despite Alleged Lack Of Consent

Womble Bond Dickinson on

The Eastern District of Wisconsin recently confirmed that the permissible purpose for obtaining a consumer credit report under FCRA is broad. In Long v. Bergstrom Victory Lane, 2018 U.S. Dist. LEXIS 171750 (E. D. Wisc....more

Baker Donelson

Looking Ahead: What the Auto Lending Industry Can Expect from the CFPB in 2016

Baker Donelson on

The CFPB's critics are getting louder, arbitration clauses are spending some time on the chopping block and credit reporting continues to garner more and more attention. These are all things we can expect to focus on this...more

Ballard Spahr LLP

Furnishers Beware – CFPB Signals That Civil Penalties May Be Appropriate Even Without Any Actual Consumer Injury

Ballard Spahr LLP on

Yesterday, the CFPB announced a consent order with First Investors Financial Services Group, Inc., an auto finance company that both makes loans to consumers and purchases retail installment sale contracts from auto dealers....more

9 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide