The CFPB recently published a report on its “Know before you Owe” E-closing project.  The report concluded that borrowers can benefit from electronic closings when navigating the mortgage closing process, the results indicating that those who closed their mortgage using an electronic platform are generally better off on measures of understanding, efficiency, and feeling empowered.  “Our […]

The FTC recently announced it entered into two consent orders with car dealers doing title lending, alleging that these dealers failed to disclose the terms and conditions of the loans to consumers and misrepresented material terms of its loan agreements.   Title lenders need the protection that SecureClose offers.  Our product provides title loan customers with […]

Non-Prime Times highlights SecureClose Chief Legal Officer’s insight on auto lenders holding dealers accountable The July/August issue of Non-Prime Times, published by the National Automotive Finance (NAF) Association, featured a column by our very own Steve Levine, Chief Legal Officer at SecureClose … Click Here to Read More!

This Morning, Automotive News published a Press Release written by SecureClose Chief Legal and Compliance Officer Steve Levine regarding questions that every Lender and Buy-Here-Pay-Here Dealer must ask themselves in response to the Consumer Financial Protection Bureau’s new Larger Participant Rule. Be sure to read the full release at the link below:   Automotive News […]

SecureClose Chief Legal and Compliance Officer Steve Levine has a featured article in the June Issue of the NIADA publication Used Car Dealer. In the article, Steve provides Six Potentially Explosive problems dealers often overlook, and how to avoid them! Check out the article in it’s entirety at the link below. It begins on page […]

A June 14th editorial about CFPB oversight of the auto industry appearing in the NY Times contained this gem: “Most auto profits are made not by selling cars but by making auto loans that often contain hidden finance charges and other essentially useless add-ons like credit insurance. Take dealer interest rate mark ups….” First, does […]

On June 10, 2015 the CFPB Published their Exam Procedures for the “Larger Participant Rule”. An Excerpt from the release: “Auto loans and leases are among the most significant and complex financial transactions in a typical consumer’s life” Richard Cordray, Director of Consumer Financial Protection Bureau – June 10, 2015 “The Bureau would be concerned if consumers […]