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Categories: Auto Finance, Compliance, Dealer Ops, F&I
Fifth Third Bank to Cap Dealer Markups

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-markups
Categories: Auto Finance, Compliance, Dealer Ops, F&I
Solving the CFPB Problem

The 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
Categories: Auto Finance, Compliance, Dealer Ops
CFPB Says Santander Violated Fair Lending Laws

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

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

Today, 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
Categories: Compliance, Dealer Ops, F&I
CFPB Deputy Director Steve Antonakes Steps Down

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
Categories: Auto Finance, Compliance, Dealer Ops, F&I
CFPB, DOJ Reach $24M Settlement With Honda Finance

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-finance
Categories: Compliance, Dealer Ops, F&I

The 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


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