Automotive Compliance Consultants urges dealers to stay vigilant despite action against CFPB CRYSTAL LAKE, Ill. — Automotive Compliance Consultants advised dealerships to remain vigilant and attentive to consumer business practices even though the U.S. Court of Appeals recently ruled the leadership structure of the Consumer Financial Protection Bureau is unconstitutional. “The CFPB has been the … Read more
CFPB proposes rule to supervise large auto finance companies – Washington Post http://news.google.com Wed, 17 Sep 2014 23:53:29 GMT New York TimesCFPB proposes rule to supervise large auto finance companiesWashington PostThe CFPB and the Justice Department have ongoing investigations into whether auto lenders and dealers are tacking on extra interest rate charges on loans made … Read more
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 … Read more