The Consumer Financial Protection Bureau made it clear that it will continue to target auto finance lenders as one of its top supervisory and enforcement priorities in the Fair Lending Report of the Bureau of Consumer...more
7/30/2019
/ Advertising ,
Automotive Industry ,
Automotive Loans ,
Behavioral Advertising ,
Big Data ,
Car Dealerships ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Data Collection ,
Enforcement ,
Fair Lending ,
Loan Servicer ,
Underwriting
The Consumer Financial Protection Bureau (CFPB) issued its final rule on payday, vehicle title, and certain high-cost installment loans. The new rule is effective in 2019 and imposes stringent underwriting requirements and...more
10/16/2017
/ Ability-to-Repay ,
Automotive Loans ,
Balloon Payments ,
Car Dealerships ,
Consumer Financial Protection Bureau (CFPB) ,
Final Rules ,
Installment Agreements ,
Lenders ,
Payday Loans ,
Proposed Rules ,
Title Loans ,
Underwriting ,
Unfair or Deceptive Trade Practices