Automotive Finance Regulation: Warning Lights Flashing

8 Pages Posted: 17 Apr 2015

See all articles by Kevin M. McDonald

Kevin M. McDonald

VW Credit, Inc.; Washington University School of Law

Kenneth Rojc

Nisen & Elliott, LLC

Date Written: April 15, 2015

Abstract

As part of the Annual Survey of the American Bar Association, this article surveys the most important federal and state regulatory developments affecting automotive finance over the last year, among them (1) a fair lending consent order among the CFPB, the Department of Justice, and Ally financial entities; (2) a consent order between the Federal Trade Commission and Consumer Portfolio Services, Inc.; and (3) a preliminary injunction granted to the New York Superintendent of Financial Services against Condor Capital Corporation.

Keywords: automotive finance regulation; Consumer Financial Protection Bureau; Equal Credit Opportunity Act; Reg B; disparate impact; Ally consent order; Department of Justice; Federal Trade Commission; Consumer Portfolio Services; Condor Capital Corporation

JEL Classification: G28, K2, K23, K42

Suggested Citation

McDonald, Kevin M. and Rojc, Kenneth, Automotive Finance Regulation: Warning Lights Flashing (April 15, 2015). 70 Business Lawyer 617 (2015), Available at SSRN: https://ssrn.com/abstract=2594920

Kevin M. McDonald (Contact Author)

VW Credit, Inc. ( email )

2200 Woodland Pointe Ave.
Herndon, VA 20171
United States
571-314-2761 (Phone)

HOME PAGE: http://www.linkedin.com/in/kevmcdonald1

Washington University School of Law ( email )

Campus Box 1120
St. Louis, MO 63130
United States

HOME PAGE: http://law.wustl.edu/faculty-staff-directory/profile/kevin-m-mcdonald/

Kenneth Rojc

Nisen & Elliott, LLC ( email )

200 W Adams St #2500
Chicago, IL 60606
United States

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