Industry Pulse: New technologies raise regulatory concerns, McGlinchey experts say

December 23, 2021

Read Time: 1 min

Technology advancements in the auto finance industry have been a top priority for lenders during the last two years, and regulators have also turned their watchful eyes toward the space.

Members Kelly Lipinski and Mark Edelman (Cleveland) joined Auto Finance News for an Industry Pulse webinar (subscription required) and podcast episode to discuss the regulatory concerns associated with new technologies.

Insights

Published Article

CFPB prioritizes fair lending, machine learning, privacy in digital engagement

May 9, 2022

Members of the auto finance industry continue to have a strong appetite for developing their digital origination and servicing platforms. Much of the industry also has a desire to use data in novel and creative ways to facilitate customer access to credit.

Presentation

Digital Sales and Financing in the Auto Market

April 14, 2022

On Thursday, April 14, 2022, Member Jason Bichsel (Cleveland) will present on the full cycle of an auto finance transaction during the Auto Intel Summit in Raleigh.

Published Article

The Crystal Ball: Compliance predictions for 2022

December 31, 2021

Welcome to my latest attempt at predicting what next year has in store for the auto finance industry. As I mentioned in last month’s column, there are a number of regulatory themes from 2021 that we can expect to carry over into the upcoming new year.

Published Article

Reflections on 2021 compliance predictions

November 29, 2021

Reflecting on the 2021 predictions I made in January, I can’t help but note that, yet again, we’ve had a year of surprises. Rather than putting COVID-19 in our rearview, in many ways, the pandemic worsened this year. Below is an accounting of what happened – or didn’t – based on my winter 2021 predictions.

In the Media

Maintaining compliance in the shift toward digitization

November 10, 2021

Member Jason Bichsel offered insight to Auto Finance Excellence in a November 8 article on maintaining compliance in the shift toward digitization.

Published Article

Managing crises: Improving the legal and compliance relationship to minimize corporate risks

November 2, 2021

Regulatory compliance in the auto finance industry, or financial services in general, is challenging enough under “everyday” circumstances. Crisis scenarios only amplify opportunities for legal and compliance risks to slip past.

Presentation

The Changing Auto Finance Regulatory Landscape: Recent Developments and What to Expect

August 10, 2021

Member Mark Edelman (Cleveland) will co-present "The Changing Auto Finance Regulatory Landscape: Recent Developments and What to Expect," on Monday, August 16, 2021, during the Consumer Bankers Association CBA LIVE 2021.

News Release

McGlinchey Named A Special Finance 175 Honoree By SubPrime Auto Finance News

February 2021

McGlinchey’s Consumer Financial Services Regulatory team is proud to be listed in the 2021 “Special Finance 175.”