COMPLIANCE

Don't Rely on the wrong source

We'll Dot your I's and cross your T's

Center Street's senior management team has years of experience in federally regulated institutions, state-regulated institutions, sales finance companies and auto dealer related finance companies. Center Street can guide you on federal and state statutes in loan servicing, loan origination, privacy laws and many other areas that are a risk to your business.

Independent compliance

Truth In Lending Act, Equal Credit Opportunity Act, Fair Credit Reporting Act/Fair and Accurate Credit Transactions Act
Fair Debt Collection Practices Act and state collection laws
Telephone Consumer Protection Act, Service-members’ Civil Relief Act, Gramm-Leach-Bliley Act (Privacy)
Electronic Funds Transfer Act, OFAC and Anti-Money Laundering rules, FTC consumer protection rules (Holder, Credit Practices, Red Flags)
State laws regarding usury, late fees, returned check fees, repossession notices, etc.

Compliance risk assessment

Evaluation of vendor management oversight, customer communication and payment methods
Analysis of market, regulatory, and other external factors that impact compliance risk.
Detailed risk matrix and summary report identifying all risks and controls to mitigate the risk

Compliance support

Resolve complex compliance issues that arise
Review documentation for potential compliance risk
Review products/programs for potential compliance risk
Conduct compliance and regulatory research
Assist with compliance audits performed internally
Coordinate any consumer/account remediation that may be required

Portfolio check

Payment history to confirm proper amortization
Title application to confirm proper execution
Other documentation as requested

If you're serious about success, put us to work for you.

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