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

Republican member of the House Financial Services Committee have once again release internal CFPB documents. This time, the documents show that some...

https://www.autodealertodaymagazine.com/322121/house-republicans-ask-attorney-general-to-halt-ally-settlement-payouts
Categories: Auto Finance, Compliance, Dealer Ops, F&I

The Consumer Financial Protection Bureau has taken action against Herbies Auto Sales for abusive financing schemes, hiding auto finance charges and...

https://www.autodealertodaymagazine.com/322120/cfpb-bhph-dealer-to-pay-800-000-for-abusive-financing-practices
Categories: Auto Finance, Compliance, Dealer Ops, F&I
BMO Completes Acquisition of GE's Transportation Finance Business

The acquisition comes more than two months after BMO Harris Bank informed dealers it was exiting 12 states to refocus its indirect auto business.

https://www.autodealertodaymagazine.com/322045/bmo-completes-acquisition-of-ges-transportation-finance-business
Categories: Auto Finance, Compliance, Dealer Ops, F&I

The Consumer Financial Protection Bureau recently released its fall 2015 rulemaking agenda. In it, the CFPB outlined its list of current initiatives that...

https://www.autodealertodaymagazine.com/322028/cfpb-releases-fall-2015-rulemaking-agenda
Categories: Auto Finance, Compliance, Dealer Ops, F&I
Fifth Third Bank to Cap Dealer Markups

The CFPB and DOJ announced two actions against Fifth Third Bank on Monday, one of which requires the finance source to pay $18 million in restitution to...

https://www.autodealertodaymagazine.com/321932/fifth-third-bank-to-cap-dealer-markups
Categories: Auto Finance, Compliance, Dealer Ops, F&I
Solving the CFPB Problem

The man who has led the NADA’s regulatory advocacy efforts since 2006 believes the tide may be turning in the CFPB’s attack on dealer participation.

https://www.autodealertodaymagazine.com/310703/solving-the-cfpb-problem
Categories: Auto Finance, Compliance, Dealer Ops
CFPB Says Santander Violated Fair Lending Laws

The CFPB has notified the Department of Justice that Santander Consumer USA’s auto lending practices have allegedly violated fair lending laws, according to...

https://www.autodealertodaymagazine.com/321845/cfpb-says-santander-violated-fair-lending-laws
Categories: Auto Finance, Compliance, Dealer Ops, F&I

One day after the CFPB rejected its Freedom of Information Act request to release an internal memo that proves the bureau is targeting dealers, the NADA...

https://www.autodealertodaymagazine.com/321820/nada-still-pushing-for-cfpb-transparency
Categories: Auto Finance, Compliance, Dealer Ops, F&I

Today, the Defense Department issued a final rule that expands the types of credit products covered by the 36% rate cap and other military-specific...

https://www.autodealertodaymagazine.com/321806/department-of-defense-issues-final-military-lending-act-rule
Categories: Compliance, Dealer Ops, F&I
CFPB Deputy Director Steve Antonakes Steps Down

After nearly five years with the CFPB, Deputy Director Steve Antonakes is stepping down from his position as the bureau’s No. 2 official to spend more time...

https://www.autodealertodaymagazine.com/321799/cfpb-deputy-director-steve-antonakes-steps-down


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