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

Automotive Compliance Consultants warned dealers not to let their guard down after last week’s federal appeals court ruling that the CFPB’s structure is...

https://www.autodealertodaymagazine.com/322673/firm-urges-dealers-to-remain-vigilant-in-wake-of-cfpb-ruling
Categories: Auto Finance, Compliance, Dealer Ops, F&I

On Tuesday, a federal appeals court ruled that the structure of the Consumer Financial Protection Bureau is unconstitutional. The appellant court’s main...

https://www.autodealertodaymagazine.com/322664/federal-appeals-court-rules-cfpb-structure-unconstitutional
Categories: Dealer Ops, F&I

Last week, the U.S. House Financial Services Committee passed the Financial CHOICE Act, which supporters describe as an alternative to the Dodd-Frank Act....

https://www.autodealertodaymagazine.com/322613/u-s-house-committee-passes-bill-aimed-at-replacing-dodd-frank
Categories: Dealer Ops, F&I

The Consumer Financial Protection Bureau used its field hearing today to issue its proposed rule targeting what Director Richard Cordray called “payday debt...

https://www.autodealertodaymagazine.com/322394/cfpb-issues-small-dollar-lending-rule
Categories: Auto Finance, Compliance, Dealer Ops, F&I

The Consumer Financial Protection Bureau will be holding a field hearing on May 5 in Albuquerque, N.M., to discuss arbitration. CFPB Director Richard...

https://www.autodealertodaymagazine.com/322314/cfpb-to-discuss-arbitration-at-field-hearing-next-month
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

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


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