Insights

Pay Now or Pay Later, But Paying Later May Cost a Whole Lot More

By Eric L. Johnson

The Consumer Financial Protection Bureau has long required that an institution within the scope of its supervision or enforcement authority, including both depository institutions like banks and non-depository consumer financial services companies like auto finance companies, develop and maintain a written, sound, and robust compliance management system, or CMS, that is integrated into the overall framework for a product's design, delivery, and administration across the institution's entire product and service lifecycle. article continued

When Is a Sale Final? Not Always as Early as You'd Like It to Be

By Eric D. Mulligan

One of the first things I learned in my first-year contracts class in law school was the Uniform Commercial Code. Specifically, the class covered Article 2 of the UCC, which governs sales of goods, including motor vehicles. Though the UCC is (oddly enough) not entirely uniform among states, the differences among different states' versions of the UCC are usually small, and most of the basics are the same in every state. article continued

CFPB Bites of the Month - October 2024 - (Don't Fear) The Reaper CFPB

By Justin B. Hosie, Eric L. Johnson and Kristen Yarows

In this month's article, we share some of our top "bites" for the prior and current month covered during the October 2024 webinar. article continued

Featuring BizFinLaw

CounselorLibrary is proud to offer BizFinLaw, a legal reporter to help providers of business finance navigate the evolving landscape of state and federal law. Subscribers of BizFinLaw can stay up to date on legal developments that impact the small business finance industry. article continued