Consumer Financial Protection Bureau
AutoNews Now: Cordray to step down from CFPBNov. 15
New CFPB rule prohibits lenders from forcing arbitrationJuly 10
The CFPB banned banks and other financial services companies from including mandatory arbitration clauses in contracts to prevent consumers pursuing claims of wrongdoing from joining class-action lawsuits. The rule could have a wide-ranging impact on automaker's captive finance units and other auto lenders.
First Shift: Nissan vet to lead PSA's U.S. returnApril 6
First Shift: Idled VW diesels take the fieldMarch 24
AutoNews Now: Barra, Musk huddle with TrumpFeb. 3
Make compliance a priority, experts sayFeb. 6
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 claimJan. 18
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 CFPBNov. 12, 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.
AutoNews Now: Tracking the Trump effectNov. 9, 2016
AutoNews Now: Jaguar's big jump in 2016Oct. 12, 2016
CFPB survives legal attack as court trims director's powerOct. 11, 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.