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The CFPB recently provided directions to the CEEA that will ensure consumer voices are heard throughout, and at every level, of the Bureau – from...
https://www.autodealertodaymagazine.com/364041/consumers-and-their-experiences-to-be-at-the-foundation-of-cfpb-policymaking
On June 29, the United States Supreme Court ruled that the structure of the Consumer Financial Protection Bureau was unconstitutional. A compliance expert...
https://www.autodealertodaymagazine.com/363252/reigning-in-franken-agency
The U.S. Senate Banking Committee narrowly approved the nomination of Kathy Kraninger to head the Bureau of Consumer Financial Protection. The vote sends...
https://www.autodealertodaymagazine.com/351059/senate-committee-narrowly-confirms-trumps-pick-to-head-bcfp
The CFPB official who went to court last year after Trump appointed Mick Mulvaney as acting director announced on Friday she is leaving the embattled...
https://www.autodealertodaymagazine.com/324042/cfpb-official-who-sued-trump-resigns-drops-suit
Wells Fargo’s first-quarter earnings call was staged amid a string of regulatory concerns, declining auto originations, and the sale of a Puerto Rican...
https://www.autodealertodaymagazine.com/323869/wells-fargo-faces-1-billion-fine-for-mortgage-and-auto-insurance-issues
U.S. Senate Banking Committee Republican Pat Toomey said on Tuesday the panel plans to scrap the CFPB’s guidance on dealer participation and leverage lending.
https://www.autodealertodaymagazine.com/323854/reuters-u-s-senate-panel-plans-to-scrap-cfpbs-dealer-participation-guidanceAccording 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
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
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
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