CFPB Articles - KPA Better Workforce Blog

Add-On Products Cost Auto Lender $60m in Fines - Here’s What the CFPB Had to Say

Auto lender fined $60m for UDAAPs by CFPB. Learn about the illegal scheme to prevent borrowers from canceling add-on products like service contracts and GAP.

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Dealers Take Note: The CFPB's Ramping Up for Stronger Enforcement

The CFPB has gone on a hiring spree under President Biden. With a larger enforcement team, dealers can expect greater oversight and possibly more significant penalties and fines.

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CFPB Clarifies Abuse of Rules and Eases Penalties

The Consumer Financial Protection Bureau is making it clear to dealers what it considers bad business. So, how does this apply to you?

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New CFPB Task Force May Give Auto Finance Professionals a Much-Needed Outlet

The CFPB is continuing its new pattern of listening with the creation of a consumer finance “task force.” Could the auto finance community be getting a break?

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CFPB Panel on the “Abusive” in UDAAP Sparks Vigorous Arguments and Analysis

Writes Terry Mathis: “World-class safety organizations have a vision of success they are working toward, not a vision of failure they are working away from.

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What is UDAAP? Definition, Examples and Potential Risks

What qualifies as a UDAAP? How can you ensure your organization doesn’t engage in unfair, deceptive, or abusive acts and practices? For better or worse, that’s up to the CFPB. Learn what they're looking for and how to minimize your risks.

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