COMPLIANCE
DON'T TRUST THE WRONG SOURCE
Center Street Finance management has years of experience in federally regulated institutions, state regulated institutions, sales finance companies and auto dealer related finance companies. CSF can guide you on federal and state statutes in loan servicing, loan originations, privacy laws and many other areas that are a risk to your business.
COMPLIANCE RISK ASSESSMENT
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Evaluation of vendor management oversight, customer communication and payment methods
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Analysis of market, regulatory, and other external factors that impact compliance risk.
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Detailed risk matrix and summary report identifying all risks and controls to mitigate the risk
INDEPENDENT COMPLIANCE AUDITS ON ALL RELEVANT STATUTES
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Truth In Lending Act, Equal Credit Opportunity Act, Fair Credit Reporting Act/Fair and Accurate Credit Transactions Act
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Fair Debt Collection Practices Act and state collection laws
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Telephone Consumer Protection Act, Servicemembers’ Civil Relief Act, Gramm-Leach-Bliley Act (Privacy)
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Electronic Funds Transfer Act, OFAC and Anti-Money Laundering rules, FTC consumer protection rules (Holder, Credit Practices, Red Flags)
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State laws regarding usury, late fees, returned check fees, repossession notices, etc.
PORTFOLIO CHECK
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Payment history to confirm proper amortization
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Title application to confirm proper execution
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Other documentation as requested
COMPLIANCE SUPPORT
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Resolve complex compliance issues that arise
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Review documentation for potential compliance risk
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Review products/programs for potential compliance risk
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Conduct compliance and regulatory research
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Assist with compliance audits performed internally
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Coordinate any consumer/account remediation that may be required
