Auto Finance Regulators Not Falling Asleep at the Wheel

The Business Lawyer (76 BUS. LAW. 705 (2021))

8 Pages Posted: 19 Apr 2021

See all articles by Kevin M. McDonald

Kevin M. McDonald

Volkswagen Financial Services AG; Washington University School of Law

Kenneth Rojc

Nisen & Elliott, LLC

Date Written: April 14, 2021

Abstract

This is the annual survey of major legal and regulatory developments affecting the automobile financing. The survey is part of the larger annual survey of legal developments by the American Bar Association's Committee on Consumer Financial Services. This year’s auto finance survey reports on a large multistate settlement with a lender over its unfair and deceptive practices in financing automobile retail installment contracts and an FTC enforcement action against an auto dealership for racial discrimination. A multistate attorney general coalition dealt with alleged predatory practices involving the return of leased vehicles during the COVID-19 pandemic, among other state law developments.

Keywords: consumer law, consumer protection law, Consumer Financial Protection Bureau, automobile financing, unfair and deceptive trade practices, Federal Trade Commission, fair lending, COVID-19

JEL Classification: K2, K22, K23, K42, K19, K29, K39

Suggested Citation

McDonald, Kevin M. and Rojc, Kenneth, Auto Finance Regulators Not Falling Asleep at the Wheel (April 14, 2021). The Business Lawyer (76 BUS. LAW. 705 (2021)), Available at SSRN: https://ssrn.com/abstract=3825981

Kevin M. McDonald (Contact Author)

Volkswagen Financial Services AG ( email )

1950 Opportunity Way, Suite 1500
Reston, VA 20190
United States
571-314-2761 (Phone)

HOME PAGE: http://www.linkedin.com/in/kevmcdonald1

Washington University School of Law ( email )

Campus Box 1120
St. Louis, MO 63130
United States

HOME PAGE: http://law.wustl.edu/faculty-staff-directory/profile/kevin-m-mcdonald/

Kenneth Rojc

Nisen & Elliott, LLC ( email )

200 W Adams St #2500
Chicago, IL 60606
United States

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