#GovernmentOversight

General Motors’ safety practices are no longer under the watchful eye of the National Highway Traffic Safety Administration. The three-year oversight period was part of a settlement GM reached with U.S. regulators back in May 2014, resulting from its failure to recall defective ignition switches attributed to 124 deaths and countless injuries.

While NHTSA’s role as General Motors’ personal watchdog ended last month, the automaker said it intends to continue meeting with the agency on a monthly basis to discuss potential defects. It also stated that the time spent with the regulator had been transformative, leading to a safer environment and more stringent quality control.

Earlier this month, the National Highway Traffic Safety Administration (NHTSA) was undecided whether it would require GM to continue monthly safety issue disclosure meetings. However, in a letter obtained by The Detroit News, the NHTSA has decided to extend parts of the agreement for another year.

A year ago, General Motors was placed under government oversight in the wake of its recall crisis. Whether the NHTSA continues babysitting the automaker is yet to be determined.

A trade group representing lenders is finding the Consumer Financial Protection Bureau’s proposal to regulate non-bank auto lenders too much to bear.