(As first published in nvla LeaseWire) On January 4, 2024, the Federal Trade Commission (“FTC”) published the final rule known as the Combatting Auto Retail Scams Trade Regulation Rule (“CARS Rule”). The FTC’s authority is derived under the Dodd-Frank Act to make...
(As first published in nvla LeaseWire) As previously reported, the Consumer Financial Protection Bureau (CFPB) issued the final Small Data Collection Rule promulgated under Section 1071 of the Dodd-Frank Act on March 30, 2023 (Rule 1071). Under this final rule,...
(As first published in nvla LeaseWire) The amount of regulation covering vehicle leasing and finance businesses is staggering, particularly if you operate in multiple states. You need to be aware of the distinction between commercial and consumer leasing with respect...
(As first published in Leasing News) On June 7, 2023, the Connecticut State Legislature passed an Act Requiring Certain Financing Disclosures, Senate Bill No. 1032 (“Law”). The Law (click to view) was signed by the governor and will go into effect on July 1, 2024....
As first published in Leasing News on 6.30.23: For the fifth year in a row this February, a bill was introduced in the New York State Assembly with the intent of putting vehicle brokers and independent leasing companies out of business. Over the last 5 years, various...
As first published in Leasing News on 5/23/2023: On May 4, 2023, the Florida State Legislature enacted the Florida Commercial Financing Disclosure Law (“Law”). The Law will go into effect on July 1, 2023 if signed by the Governor of Florida. As stated in my prior...
