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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-markupsThe 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
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-lawsOne 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-transparencyToday, 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
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
Just two weeks after American Banker reported that the CFPB was planning to cite three captive auto finance companies for policies that allegedly caused...
https://www.autodealertodaymagazine.com/321790/cfpb-doj-reach-24m-settlement-with-honda-financeThe National Automobile Dealers Association filed a Freedom of Information Act request Monday, seeking to make a Consumer Financial Protection Bureau memo...
https://www.autodealertodaymagazine.com/321789/nada-files-request-to-make-cfpb-memo-public