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Categories: Auto Finance, Compliance, Dealer Ops, F&I
Reuters: U.S. Senate Panel Plans to Scrap CFPB’s Dealer Participation Guidance

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

According 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.fi-magazine.com/323851/wells-fargo-reviewing-fi-products-as-regulatory-pressure-builds
Categories: Auto Finance, Compliance, Dealer Ops, F&I

According 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
Categories: Auto Finance, Compliance, Dealer Ops, F&I
Bloomberg: Senate Banking Chair Closing In on Bipartisan Dodd-Frank Rollback

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.fi-magazine.com/323544/bloomberg-senate-banking-chair-closing-in-on-bipartisan-dodd-frank-rollback
Categories: Auto Finance, Compliance, Dealer Ops, F&I
Bloomberg: Senate Banking Chair Closing In on Bipartisan Dodd-Frank Rollback

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
Categories: Auto Finance, Dealer Ops, F&I, Showroom, Training
CFPB: Longer-Term Loans Not Having Desired Effect for Borrowers, Finance Sources

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.fi-magazine.com/323532/cfpb-longer-term-loans-not-having-desired-effect-for-borrowers-finance-sources
Categories: Auto Finance, Dealer Ops, F&I, Showroom, Training
CFPB: Longer-Term Loans Not Having Desired Effect for Borrowers, Finance Sources

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
Categories: Auto Finance, Compliance, Dealer Ops, F&I
House Approves Dodd-Frank Replacement Bill

Four days after the U.S. House passed a bill aimed at reversing a number of Dodd-Frank financial regulations and scaling back the CFPB’s authority, the...

https://www.fi-magazine.com/323231/house-approves-dodd-frank-replacement-bill
Categories: Auto Finance, Compliance, Dealer Ops, F&I
House Approves Dodd-Frank Replacement Bill

Four days after the U.S. House passed a bill aimed at reversing a number of Dodd-Frank financial regulations and scaling back the CFPB’s authority, the...

https://www.autodealertodaymagazine.com/323231/house-approves-dodd-frank-replacement-bill
Categories: Auto Finance, Compliance, Dealer Ops, F&I

In his new book, the attorney traces actions over the last five years by the Consumer Financial Protection Bureau and the Federal Trade Commission. It...

https://www.fi-magazine.com/322962/tom-hudson-releases-book-on-fed-governments-war-on-dealers


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