CFPB Wants More Auto Oversight Authority
WASHINGTON, D.C. — If a finance company makes, acquires, or refinances 10,000 or more vehicle loans or leases in a year, the Consumer Financial Protection Bureau is looking to become that operation’s primary regulator stemming from a proposal released late on Wednesday.

The bureau said this proposed rule would generally allow the CFPB to supervise nonbank auto finance companies to ensure they are complying with federal consumer financial law. Bureau officials estimated that about … Read more

 

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CFPB Wants More Auto Oversight Authority

CFPB Wants More Auto Oversight Authority
WASHINGTON, D.C. — If a finance company makes, acquires, or refinances 10,000 or more vehicle loans or leases in a year, the Consumer Financial Protection Bureau is looking to become that operation’s primary regulator stemming from a proposal released late on Wednesday.

The bureau said this proposed rule would generally allow the CFPB to supervise nonbank auto finance companies to ensure they are complying with federal consumer financial law. Bureau officials estimated that about … Read more

 

Financial Solutions – We Turn Auto Notes Into Cash!

 

 



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