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In announcing the rule, the bureau used wording the American Financial Services Association said makes an important distinction between traditional...
https://www.autodealertodaymagazine.com/323480/cfpb-finalizes-small-dollar-lending-rule
House Republicans charged in a new report that the CFPB missed an opportunity to uncover Wells Fargo’s recently revealed insurance and GAP refund issues...
https://www.autodealertodaymagazine.com/323446/house-republicans-say-cfpb-prematurely-suspended-wells-fargo-investigation
Black Book issued its estimate days after Cox Automotive Chief Economist Jonathan Smoke said the number of damaged vehicles could reach half a million. With...
https://www.autodealertodaymagazine.com/323404/black-book-harvey-may-have-totaled-1-million-vehicles
General Motors dealers who sell non-GM service contracts, parts and accessories must now disclose to their customers that the products are not backed by the...
https://www.autodealertodaymagazine.com/323386/gm-dealers-must-disclose-non-gm-parts-service-contracts
In a letter dated July 28, 21 state attorneys general called on U.S. Senate leaders to support the Consumer Financial Protection Bureau’s new arbitration...
https://www.autodealertodaymagazine.com/323350/state-ags-urge-u-s-senate-to-reject-resolution-to-block-cfpbs-arbitration-ruleThe U.S. House passed a joint resolution of disapproval under the Congressional Rule Act to block the CFPB’s rule banning mandatory arbitration clauses in...
https://www.autodealertodaymagazine.com/323327/u-s-house-passes-resolution-to-block-cfpbs-arbitration-rule
The day after the Consumer Financial Protection Bureau published its new arbitration rule in the Federal Register, House and Senate Republicans filed joint...
https://www.autodealertodaymagazine.com/323321/republicans-challenge-cfpbs-arbitration-rule
With second quarter originations plunging 45% from a year ago on tightening underwriting standards, bank execs said they expect originations to continue...
https://www.autodealertodaymagazine.com/323310/credit-tightening-at-wells-fargo-to-continue-into-2018
The Guaranteed Asset Protection Alliance, a lobbying group made up of GAP providers, administrators and finance sources, was instrumental in getting two of...
https://www.autodealertodaymagazine.com/323291/three-states-pass-gap-laws
The new rule is set to take effect 60 days after publication in the Federal Register. It comes more than two years after the bureau studied mandatory...
https://www.autodealertodaymagazine.com/323279/cfpb-issues-rule-banning-arbitration-clauses-in-finance-contracts