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RDN And ARA Roll Out Compliance System

Finance companies that use Recovery Database Network (RDN) now have some additional assurance their repossessions are being completed according to state and federal regulations. On Wednesday, the KAR Global business unit rolled out a seamless application interaction with the American Recovery Association (ARA) that is designed to provide RDN customers instant access to recovery agents’

CFPB Investigates BofA Over Accounts

Bank of America Corporation BAC is under investigation by the Consumer Financial Protection Bureau (“CFPB”) to find out if it opened unauthorized customer accounts to meet sales goals back in 2014. In March 2019, the CFPB demanded that BofA provide documents concerning “unlawful acts or practices in connection with unauthorized consumer bank, credit card, and other