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Categories: Auto Finance, Compliance, Dealer Ops, F&I
U.S. Senate Approves Resolution to Repeal CFPB’s Dealer Participation Guidance

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

The Government Accountability Office said on Tuesday that the bureau’s March 2013 bulletin on dealer participation falls under the Congressional Review Act,...

https://www.autodealertodaymagazine.com/323597/goa-says-congress-can-review-cfpbs-guidance-on-dealer-participation
Categories: Auto Finance, Compliance, Dealer Ops, F&I
House Approves Dodd-Frank Replacement Bill

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

The three-year standoff between Toyota Motor Credit, the Justice Department and the CFPB is over, with the captive agreeing to pay up to $21.9 million in...

https://www.autodealertodaymagazine.com/322140/toyota-motor-credit-agrees-to-lower-markup-caps-to-settle-cfpb-allegations
Categories: Auto Finance, Compliance, Dealer Ops, F&I
Bill Aimed at Repealing CFPB Auto Finance Guidance Passes House

The legislation was passed by a 332-96 vote yesterday, with the bill receiving approval from 88 House Democrats.

https://www.autodealertodaymagazine.com/322023/bill-aimed-at-repealing-cfpb-auto-finance-guidance-passes-house
Categories: Auto Finance, Compliance, Dealer Ops, F&I
BMO Harris Bank’s Auto Business Exiting 12 States

The Chicago-based bank notified dealers in approximately 12 states that it’s refocusing its indirect auto business to its core market states, including...

https://www.autodealertodaymagazine.com/321945/bmo-harris-banks-auto-business-exiting-12-states


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