Mobility Finance is the media brand that defines financing in the new connected world of transportation. Subscribe now at: https://teapaw.org/t.co/FO2zMt6TSJ
Joined November 2016
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Mobility Finance retweeted
Mercedes-Benz Bank to Focus on Flexible Term Financing - autofinancenews.net/mercedes…
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"Companies have changes at the c-level but it doesn't change what we are trying to do." -- Matt Traylen on @FaradayFuture management changes at #AFI2018
Mobility Finance retweeted
@nataliemattila sits down with Earl Johnson, senior manager of digital services at @NissanMotor Acceptance Corp. of Nissan North America
Mobility Finance retweeted
We look forward to welcoming @RBFCU to #AFPCS18. Don't miss your chance to join them... buff.ly/2HTvFhE
Mobility Finance retweeted
“The trend toward AG enforcement will continue, and the AG letter to the White House supports this. Engage in outreach to your state AG’s. Monitor actions in other industries for trends. Remember that they work together and share information.” – John Redding
Mobility Finance retweeted
It is safe to say that the impact of @CFPB and guiding principles, like UDAAP, may be an archaic principle, relative to its historical impact and prioritization by the previous administration. #ASKAFN
Mobility Finance retweeted
Question 5: Even with new deregulatory leadership, examiners and local AGs will persist. How can lenders prepare for more scrutiny at the local level? #AskAFN
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“Enforcement doesn’t go away, but trends away from novel policy-driven #UDAAP extensions and more toward objective violations of black letter law.” – John Redding
Mobility Finance retweeted
It's possible they could expect a more moderate leader (compared to liberal or conservative), in order for a new Director to easily gain confirmation in the Senate
Mobility Finance retweeted
Question 4: Lenders aren’t going to react until there is more stability at the CFPB, but what might they expect from new leadership at the top regulator in the space? #AskAFN
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"Uncertainty in leadership remains, but Commission or Republican appointee may ultimately reduce the burden. Continued compliance efforts during time of uncertainty helps mitigate the current risk." – John Redding
Mobility Finance retweeted
“Guidance repeal must be viewed over the long term, and is unlikely to permanently remove expectations to monitor/address disparities from all quarters. CFPB leadership change may have a greater impact on how that can be done, particularly with CFPB examinations” – John Redding
Mobility Finance retweeted
The biggest impact that seems to be on everyone's mind is the scope and relative impact of the @CFPB. We have recently seen a major change in the leadership of the agency. How will this new leadership affect lending behavior, but also the impact it has on franchised dealers?
Mobility Finance retweeted
Question 2: Following the recent decision that would allow Congress to review and possibly repeal the CFPB’s guidance on dealer markup, how should lenders prepare? #AskAFN
Mobility Finance retweeted
“Navigating between the near-term deregulatory trend at the federal level and longer-term risks. Impact of new MLA rule on GAP will also create challenges. Cancellation of ancillary products and refund of fees remains an active area.” – John Redding
Mobility Finance retweeted
Questions 1: What’s the No. 1 compliance topic that will impact auto lenders in 2018?
Mobility Finance retweeted
We're about to kick off our December Twitter chat discussing #AutoFinance compliance in 2018. Join using #AskAFN! Follow @Wilbur_Hoffman, @nataliemattila, @marksedelman, and @buckleysandler for insights.