Consumer Financial Protection Bureau
Auto lending guidance could end, but not scrutinyMay 13
The repeal of the Bureau of Consumer Financial Protection's auto loan guidance would be a victory for dealers and lenders, but other regulators will keep an eye on auto lending. The celebration should be short-lived.
Cordray announces bid for Ohio governor after leaving CFPBDec. 6, 2017
New CFPB rule prohibits lenders from forcing arbitrationJuly 10, 2017
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.