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As expected, the House approved the resolution of disapproval of the CFPB's guidance on dealer participation. With the Senate having voted on the resolution...
https://www.autodealertodaymagazine.com/323920/house-approves-resolution-to-repeal-cfpbs-dealer-participation-guidanceThe Federal Reserve voted unanimously to maintain the target range for the federal funds rate at 1.5% and 1.75%, but it hinted at a possible rate hike in June.
https://www.autodealertodaymagazine.com/323913/federal-reserve-keeps-rates-steady
New legislation aimed at strengthening dealer protections under California’s franchise laws will have its first committee hearing on Monday. One of its...
https://www.autodealertodaymagazine.com/323877/calif-dealers-seek-new-protections-under-states-franchise-laws
Today’s vote leaves it up to the House of Representatives to pass its version of the joint resolution of disapproval. Once that happens, only the...
https://www.autodealertodaymagazine.com/323874/u-s-senate-approves-resolution-to-repeal-cfpbs-dealer-participation-guidanceThe subprime finance source’s president since April 2007 will retire on June 30, CEO Brett Roberts announced in a recent regulatory filing.
https://www.autodealertodaymagazine.com/323856/credit-acceptances-steve-jones-to-retireAccording to a report in The Wall Street Journal, the review of GAP refunds the bank initiated last year has expanded to other F&I products and services.
https://www.autodealertodaymagazine.com/323851/wells-fargo-reviewing-fi-products-as-regulatory-pressure-builds
Originations continued to fall at a faster rate than previous years, as finance sources continued to tighten underwriting standards during 2017’s...
https://www.autodealertodaymagazine.com/323735/transunion-auto-loan-growth-slowingA Hudson Cook attorney told industry trade groups in a Jan. 18 memo that the Defense Department’s Dec. 14 interpretative rule, combined with something else...
https://www.autodealertodaymagazine.com/323734/military-lending-acts-december-update-more-harmful-than-first-thoughtCredit scores in the fourth quarter of 2017 were only a half a point higher than the median score recorded during the first quarter of 2009. And according...
https://www.autodealertodaymagazine.com/323725/new-york-fed-credit-scores-rise-as-household-debt-reaches-new-peak
BB&T announced its move about a week after the CFPB’s acting director stripped enforcement powers from the division responsible for pursuing discrimination...
https://www.autodealertodaymagazine.com/323718/bbt-switches-back-to-markups-as-cfpb-shifts-away-from-enforcement