VSI

Common Objections to VSI (Part Two)

This article is the second in a series of two that discusses some of the most common objections to VSI that I hear from financial institutions.

Collateral protection

CFPB Prioritized Assessment Targets Auto Loan Servicing

The CFPB agency has identified several unfair acts or practices related to Lender-Placed Collateral Protection Insurance in their Summer 2021 report. 

GAP

Auto Lenders Must Comply with CFPB when Marketing GAP Coverage

Santander Consumer USA reached a settlement with the Consumer Financial Protection Bureau over a GAP product that all auto lenders should be aware of.