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CFPB Director Richard Cordray was met with hostility on Tuesday during the bureau’s semi-annual report to Congress. The hearing took place a day before a...
https://www.autodealertodaymagazine.com/321941/cfpb-accused-of-using-junk-science-to-regulate-auto-lending
More than 400 dealers traveled to the nation’s capital in support of a new bill that could nullify the CFPB’s guidance on auto lending.
https://www.fi-magazine.com/321175/bill-to-rescind-cfpb-auto-guidance-gains-support-in-congressThe Consumer Financial Protection Bureau proposed a new policy that will exempt finance sources from federal disclosure rules if they agree to conduct...
https://www.fi-magazine.com/353024/cfpb-asking-lenders-to-test-new-consumer-disclosuresThe CFPB finalized today its proposal to oversee nonbank auto finance companies. The finalized rule will take effect 60 days after publication in the...
https://www.fi-magazine.com/321728/cfpb-finalizes-proposal-to-oversee-nonbank-auto-finance-companiesRichard P. Hackett, assistant director of the Consumer Financial Protection Bureau, will return as a keynote speaker for the NAF Association's 2013...
https://www.fi-magazine.com/353120/naf-to-host-cfpbs-hackett-at-2013-conferenceCFPB Director Richard Cordray fielded questions about dealer compliance programs and a recent study calling out the bureau’s methods for determining...
https://www.fi-magazine.com/321540/cordray-cfpb-disagrees-with-conclusions-of-cra-study
The new rule is set to take effect 60 days after publication in the Federal Register. It comes more than two years after the bureau studied mandatory...
https://www.fi-magazine.com/323279/cfpb-issues-rule-banning-arbitration-clauses-in-finance-contracts
In an employee email obtained by F&I and Showroom, CFPB Director Richard Cordray announced he will leave his post by the end of November.
https://www.autodealertodaymagazine.com/323555/cordray-tells-cfpb-staffers-he-is-stepping-down
The CFPB’s former point man will be at Industry Summit 2014 this September to deliver a keynote address. He will take attendees inside the media-shy agency...
https://www.autodealertodaymagazine.com/320870/former-cfpb-official-to-deliver-keynote-address-at-industry-summit-2014The bureau ordered the subprime auto finance source and its subsidiary to pay a $4.25 million civil penalty for illegal debt-collection tactics and $44.1...
https://www.autodealertodaymagazine.com/321942/cfpb-takes-action-against-westlake-and-its-title-lending-subsidiary