News & Analysis as of

Automotive Loans

Bowditch & Dewey

Is My Car Loan Interest Deductible?

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One of the new deductions available to taxpayers as part of the One Big Beautiful Bill Act signed into law on July 4, 2025, is a new deduction for interest paid on automobile loans....more

Hogan Lovells

Motor finance: Demonstrating successful completion of the first stages of the redress scheme

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In the Dear CEO letter (October 2025) the FCA set out their expectations of firms with regards early preparation. Although they referenced their understanding of the challenges firms may face by stating...more

A&O Shearman

UK FOS Publishes Q3 2025/26 Complaints Data Showing Decline In Case Levels

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The UK Financial Ombudsman Service (FOS) has published its Q3 2025/26 complaints data, revealing a notable decline in case volumes to 47,300 complaints, down from 68,400 cases in the same period in 2024/25. This includes a...more

Hudson Cook, LLP

CFS Bites of the Month - 2025 Annual Review - Nondiscrimination and Military Protection Law

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In this article, we share a timeline of monthly "bites" for the past year applicable to consumers protected by nondiscrimination and military protection laws....more

Troutman Pepper Locke

State AGs in the Driver’s Seat: Auto Finance Enforcement in the Trump 2.0 Era — Moving the Metal: The Auto Finance Podcast

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In this episode of Moving the Metal, hosts Brooke Conkle and Chris Capurso are joined by Troutman colleagues Chris Carlson and Nam Kang from the firm’s RISE Practice Group to unpack what “Trump 2.0” really means for dealers...more

Troutman Pepper Locke

New Year, New Surprises? 2026 Resolutions for Dealers and Auto Finance Companies — Moving the Metal: The Auto Finance Podcast

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In this episode of Moving the Metal: The Auto Finance Podcast, hosts Brooke Conkle and Chris Capurso lay out a practical set of 2026 resolutions for dealers and auto finance companies. Chris breaks down why state law...more

Robinson+Cole Data Privacy + Security Insider

Auto Credit Check Company Breach Affects 5.6 Million

700Credit, a Michigan-based company that runs credit checks and identification verification services for automobile dealerships nationwide, has announced that an “integrated partner” was compromised, allowing a bad actor to...more

Hudson Cook, LLP

DOJ Settles with Auto Finance Company Accused of Illegally Repossessing Servicemembers' Vehicles

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We've written before about how the federal government in 2025 appears to be deprioritizing enforcement of consumer protection laws. However, just because the federal government deprioritizes some areas of enforcement doesn't...more

A&O Shearman

UK FCA progress statement on motor finance compensation scheme consultation

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The UK Financial Conduct Authority (FCA) has published a progress statement on its proposed motor finance consumer redress scheme consultation, following the UK Supreme Court ruling on 1 August. In the statement, the FCA...more

Troutman Pepper Locke

State Law Roundup: Arbitration Changes and Junk Fee Rules in California and Massachusetts — Moving the Metal: The Auto Finance...

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In this episode of Moving the Metal: The Auto Finance Podcast, Brooke Conkle and Chris Capurso break down recent state-law developments affecting auto dealers and finance companies in California and Massachusetts. The...more

Orrick, Herrington & Sutcliffe LLP

Ninth Circuit affirms bona fide error defense for debt collector in FDCPA case

On October 28, the U.S. Court of Appeals for the 9th Circuit affirmed the lower court’s entry of summary judgment in favor of a law firm in a case alleging violations of the FDCPA related to collection efforts on a used car...more

Hudson Cook, LLP

Colorado Artificial Intelligence Act: What Indirect Finance Sources and Dealerships Should Do Now to Prepare

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Colorado Governor Jared Polis signed a special session bill on August 28 moving the effective date of the Colorado Artificial Intelligence Act to June 30, 2026. ...more

Hogan Lovells

The road to redress: FCA’s motor finance commission consultation explained

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On 7 October 2025, the FCA published its much anticipated consultation paper (CP 25/27) on a proposed industry-wide redress scheme for motor finance customers deemed to have been treated unfairly due to inadequate disclosure...more

Kelley Drye & Warren LLP

AG Chronicles: October 2025

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Late last month, California Attorney General Rob Bonta, along with Democrat attorneys general from 18 other states and the District of Columbia, sent multiple letters to the Consumer Protection Financial Bureau opposing...more

Troutman Pepper Locke

Quarterly Insights: Driving Through Q2 Auto Finance Data — Moving the Metal: The Auto Finance Podcast

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In this episode of Moving the Metal: The Auto Finance Podcast, hosts Brooke Conkle and Chris Capurso dive into the latest Experian auto finance quarterly report to explore the latest trends in auto finance for the second...more

Troutman Pepper Locke

Third Circuit Holds that the Continuing Violation Theory is Inapplicable to the FDCPA

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In an unpublished case, the U.S. Court of Appeals for the Third Circuit held that actions to obtain a judgment and enforce that judgment in a collection lawsuit filed outside the statute of limitations do not create a...more

Latham & Watkins LLP

FCA Consults on Motor Finance Redress Scheme

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Shortly after markets closed on 7 October 2025, the FCA published its consultation on a proposed motor finance redress scheme (the Scheme). It is also consulting on extending the deadline for firms to send a final response to...more

Orrick, Herrington & Sutcliffe LLP

State attorneys general issue joint letters opposing the CFPB proposals to redefine ‘larger participants’ in consumer financial...

On September 22, a coalition of 19 state attorneys general (AGs) issued four letters to the CFPB urging the Bureau to withdraw proposed rules that the AGs allege would “dramatically shrink the Bureau’s supervisorial...more

Cozen O'Connor

Democratic AGs Urge CFPB to Maintain Oversight of Risky Markets

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A group of 19 Democratic AGs sent letters to the CFPB opposing proposals that would narrow the Bureau’s oversight in certain markets and reduce the number of companies subject to regulation. In their letters regarding...more

Cadwalader, Wickersham & Taft LLP

Seeing Red Flags in Tricolor: A Colorful Lesson on Collateral Interests

Tricolor Situation Overview - Tricolor Auto Acceptance, LLC (“Tricolor”), founded in 2007, is a “buy here-pay here” (“BHPH”) subprime auto finance company. This means that it is both an auto dealer and an auto finance...more

Orrick, Herrington & Sutcliffe LLP

Oregon enacts new laws to bar medical debt credit reporting, prevent hidden online fees, and strengthen auto loan disclosures

On September 16, Oregon Governor Tina Kotek announced the signings of three new consumer protection laws: (i) SB 605, which prohibits medical service providers from reporting the amount or existence of medical debt to a...more

Troutman Pepper Locke

Driving New Standards With California's CARS Rule — Moving the Metal: The Auto Finance Podcast

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In this episode of Moving the Metal: The Auto Finance Podcast, Brooke Conkle and Chris Capurso discuss California SB 766, known as the California CARS Rule. They explore the bill's amendments, including changes to...more

King & Spalding

A secret no more: the Motor Finance Litigation reaches the end of the road

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The Supreme Court has recently handed down its much-anticipated judgment in the ‘Motor Finance litigation’. The three joined appeals had become one of the most closely followed cases of this year and last. Overturning the...more

Morgan Lewis

CFPB Invites Comment on Larger Participant Thresholds

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The Consumer Financial Protection Bureau has issued advance notices of proposed rulemaking seeking public comment on whether to revise the thresholds that define “larger participants” in key consumer financial industries....more

Goodwin

CFPB Continues Trend of Shrinking Its Own Authority By Raising Larger Participant Thresholds

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Earlier this month, the CFPB issued four separate advance notices of proposed rulemaking with respect to rules that give the CFPB authority over nonbank companies in the auto finance, international money transfer, debt...more

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