DriveTime Settlement Is A Sign Of The Times For CFPB

Law360, New York (December 10, 2014, 11:10 AM EST) -- Companies extending consumer credit are subject to a plethora of high-risk laws. For example, the federal alphabet soup laws, such as the Truth in Lending Act and Equal Credit Opportunity Act, are well-known sources of litigation and regulatory risk, as are state disclosure and consumer protection statutes. Historically, if any comfort was to be had, it was that civil liability under some of the most important federal statutes was generally considered tolerable....

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