Infobytes - A Weekly In-depth review of news & developments in the financial services industry - March 22, 2013

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In This Issue:

- FEDERAL ISSUES

- STATE ISSUES

- COURTS

- MISCELLANY

- FIRM NEWS

- FIRM PUBLICATIONS

- MORTGAGES

- BANKING

- CONSUMER FINANCE

- SECURITIES

- E-COMMERCE

- PAYMENTS

- 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.

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Written by:

Published In:

DOJ
OIG
SEC

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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