CFPB pause prompts concern of ‘regulatory vacuum’
Lenders must be mindful of existing consumer law and state-level enforcement despite the current pause in enforcement activity by the ...
Tag: section 1071
Section 1071 ‘likely dead’ as CFPB’s work is halted
Section 1071, a new regulatory challenge that equipment lenders have been gearing up for, may have just vanished into thin ...
CFPB fires Rohit Chopra, ceases active litigation
The Trump administration fired Consumer Financial Protection Bureau Director Rohit Chopra on Feb. 1, prompting questions regarding pending cases and the bureau’s direction. ...
Equipment lenders look to fintechs for Section 1071 compliance solutions
Fintechs are launching products and services to help equipment financiers meet compliance requirements as the industry embraces digitalization. At ...
Compliance, AI to drive tech investment in equipment finance
New regulations and AI advancements are prompting equipment financiers to ramp up technology investments as they work to stay ahead ...
Section 1071 hangs in balance amid political shift
A new presidential administration and a legal battle have cast an air of uncertainty over Section 1071 of the Dodd-Frank ...
Musk calls for abolishing consumer finance agency: ‘Delete CFPB’
Billionaire Elon Musk called for eliminating the Consumer Financial Protection Bureau, highlighting the renewed threat under President-elect Donald Trump to ...
NEFA: Section 1071 troubles lenders
HUNTINGTON BEACH, Calif. — Financial disclosure regulations remain a thorn in the equipment finance community’s side, and lawyers for industry ...
