Categories: Auto Finance, Compliance, Dealer Ops, F&I

According 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

Categories: Auto Finance, Compliance, Dealer Ops, F&I

Republican Senator Mike Crapo (R-Idaho) told reporters on Wednesday he’s getting closer to brokering a deal on bipartisan legislation aimed at rolling back...

https://www.autodealertodaymagazine.com/323544/bloomberg-senate-banking-chair-closing-in-on-bipartisan-dodd-frank-rollback

Categories: Auto Finance, Dealer Ops, F&I, Showroom, Training

The bureau concedes in its report that consumers are financing larger amounts and are electing for longer-term loans to keep monthly payments affordable....

https://www.autodealertodaymagazine.com/323532/cfpb-longer-term-loans-not-having-desired-effect-for-borrowers-finance-sources

Categories: Compliance, Dealer Ops, F&I

The finance source’s new policy took effect days before new allegations surfaced that Wells Fargo failed to deliver GAP refunds to borrowers. It states that...

https://www.autodealertodaymagazine.com/323486/ally-takes-control-of-gap-refunds

Categories: Auto Finance, Compliance, Dealer Ops, F&I

Four days after the U.S. House passed a bill aimed at reversing a number of Dodd-Frank financial regulations and scaling back the CFPB’s authority, the...

https://www.autodealertodaymagazine.com/323231/house-approves-dodd-frank-replacement-bill

Categories: Compliance, Dealer Ops

By a three-to-one margin, voters surveyed in seven key battleground states said they prefer a bipartisan commission over a single director.

https://www.autodealertodaymagazine.com/323178/poll-most-voters-in-battleground-states-support-structural-reforms-to-cfpb

Categories: Auto Finance, Compliance, Dealer Ops, F&I

In his new book, the attorney traces actions over the last five years by the Consumer Financial Protection Bureau and the Federal Trade Commission. It...

https://www.autodealertodaymagazine.com/322962/tom-hudson-releases-book-on-fed-governments-war-on-dealers

Categories: Auto Finance, Compliance, Dealer Ops, F&I

The law firm announced today the election of attorneys Robert Gage, Lauren Hunt, and Jennifer Sarvadi to the partnership.

https://www.autodealertodaymagazine.com/322955/hudson-cook-llp-adds-three-new-partners

Categories: Compliance, Dealer Ops, F&I

President Donald Trump took his first step toward making good on his promise to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act,...

https://www.autodealertodaymagazine.com/322929/president-trump-orders-review-of-dodd-frank

Categories: Auto Finance, Compliance, Dealer Ops

Senate Republicans have reintroduced legislation aimed at replacing the CFPB’s single-director structure with a five-member bipartisan board. The bill was...

https://www.autodealertodaymagazine.com/322928/senate-republicans-introduce-cfpb-restructuring-bill