In This Issue:
- FEDERAL ISSUES
- STATE ISSUES
- FIRM NEWS
- FIRM PUBLICATIONS
- CONSUMER FINANCE
- Excerpt from Consumer Finance:
CFPB Issues Guidance on Indirect Auto Lending. On March 21, the CFPB issued Bulletin 2013-02, which provides guidance to bank and nonbank indirect auto lenders about compliance with federal fair lending requirements, and specifically addresses the practice by which auto dealers "mark up" the indirect lender's risk-based buy rate and receive compensation based on the increased interest revenues....
Please see full newsletter below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.
Topics: Automotive Industry, Bank Secrecy Act, Car Dealerships, CFPB, DOJ, ECOA, Fair Lending, FDCPA, FHFA, FinCEN, Fraud, Freddie Mac, Leveraged Loans, Mortgage Loan Servicing Standards, NCUA, OIG, SEC
Published In: General Business Updates, Consumer Protection Updates, Finance & Banking Updates, Residential Real Estate Updates, Securities Updates