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CFPB Director Richard Cordray was met with hostility on Tuesday during the bureau’s semi-annual report to Congress. The hearing took place a day before a...
https://www.autodealertodaymagazine.com/321941/cfpb-accused-of-using-junk-science-to-regulate-auto-lendingSonic executives said the company is delaying plans to launch a captive finance company in light of the CFPB’s recent settlement with Honda Finance. But the...
https://www.autodealertodaymagazine.com/321802/sonic-cautious-about-cfpb-but-revs-up-hybrid-fi-pushA CFPB official disclosed in a June 15 blog post that the administrator of the Ally settlement fund has begun contacting and mailing checks to borrowers who...
https://www.autodealertodaymagazine.com/321748/cfpb-consumers-will-soon-receive-ally-payoutAfter three months with no response, Attorney General Eric T. Schneiderman has filed a motion to force a New York dealer group to comply with a subpoena...
https://www.autodealertodaymagazine.com/321721/n-y-ag-goes-after-dealer-for-payment-packingThe enforcement division of the Texas DMV has closed its case against CarGurus after the vehicle-shopping site made revisions to its used-car...
https://www.autodealertodaymagazine.com/321663/texas-dmv-closes-case-against-cargurusThe Texas Department of Motor Vehicles Enforcement Division has pulled back on its plan to fine dealers with listings on CarGurus.com after the department...
https://www.autodealertodaymagazine.com/321640/texas-dmv-halts-plan-to-fine-dealers-with-cargurus-listingsCFPB Director Richard Cordray fielded questions about dealer compliance programs and a recent study calling out the bureau’s methods for determining...
https://www.autodealertodaymagazine.com/321540/cordray-cfpb-disagrees-with-conclusions-of-cra-studyConsumer Portfolio Services CEO Charles Bradley laid out the lender’s compliance efforts during a quarterly earnings call last week. The finance source’s...
https://www.autodealertodaymagazine.com/321493/cps-ceo-finance-source-ahead-of-the-compliance-curveCredit Acceptance has received a civil investigative subpoena from the U.S. Department of Justice, which requested that the finance company produce certain...
https://www.autodealertodaymagazine.com/321350/credit-acceptance-subpoenaed-by-dojToyota Motor Credit Corporation issued a statement to F&I and Showroom regarding last week’s regulatory filing. It revealed that the CFPB and the DOJ are...
https://www.autodealertodaymagazine.com/321317/toyotas-captive-issues-statement-regarding-cfpb-doj-allegations