Consumer Financial Protection Bureau
Make compliance a priority, experts sayMon, 06, Feb 2017
The future of the Dodd-Frank Act and Consumer Financial Protection Bureau has been largely questioned since President Donald Trump took office, but no matter the status of the CFPB, dealers should prioritize compliance, experts said at the Automotive News Retail Forum.
CFPB head may have violated U.S. law with lending rules, U.S. House Republicans claimWed, 18, Jan 2017
In a blow against the Consumer Financial Protection Bureau just two days before President-elect Donald Trump takes office, U.S. House Republicans accused the CFPB of potentially violating federal law with its rule authorizing the agency to regulate certain auto lenders.
Dealer group smells opportunity with CFPBSat, 12, Nov 2016
Don Hall, president of the Virginia Automobile Dealers Association, says he's energized about what the Donald Trump win means for dealer concerns, particularly the attempts to fend off the Consumer Financial Protection Bureau.
CFPB survives legal attack as court trims director's powerTue, 11, Oct 2016
The CFPB survived a constitutional challenge and will remain in business, though a federal appeals court took away power from its director and tossed out a $109 million penalty against a mortgage company. The long-awaited decision was a blow to the agency, which was created in the wake of the 2008-09 financial crisis to regulate auto lending, mortgages, credit cards and other products directed at consumers.
CFPB's Cordray defends regulation by enforcementThu, 07, Apr 2016
For lenders, hassles but headwayFri, 01, Apr 2016
The Consumer Financial Protection Bureau has rocked the auto finance industry over the past few years. But now, some lenders say they've grown used to it. The CFPB conversation has even turned in auto lenders' favor in some ways, and it's making the industry better, experts say.
House committee turns the tables on the CFPBMon, 28, Mar 2016
The Consumer Financial Protection bureau has been charged with discriminating against its own African-American employees in pay, based on an analysis using methodology similar to what the CFPB uses to evaluate possible discrimination by lenders.
Carlson seeks to preserve vehicle affordabilityMon, 28, Mar 2016
Jeff Carlson, the National Automobile Dealers Association's incoming chairman, is on a quest to preserve vehicle affordability. In this Q&A, he talks about that quest and other issues that NADA is tackling.
New guidelines will steer NADA in coming yearsMon, 28, Mar 2016
In late 2015, NADA leaders determined four areas of focus for the years ahead. That, says Bill Fox, was the main achievement of his year as the association's chairman. In this Q&A, Fox discusses those areas of focus, and what progress NADA made on key issues in 2015.
NADA's Fox sees progress on CFPB billWed, 07, Oct 2015
After discussions with legislators last week, Bill Fox, chairman of the National Automobile Dealers Association, says he is confident that a bill to limit the Consumer Financial Protection Bureau's auto lending guidance will pass.
CFPB urges Fifth Third to lower its allowable dealer reserve, report saysFri, 07, Aug 2015
The Consumer Financial Protection Bureau is urging Fifth Third Bancorp to reduce the amount of dealer reserve the bank allows on its auto loans, as part of talks to settle an investigation by the agency into possible discriminatory lending practices by Fifth Third, The Wall Street Journal reported.