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Consumer Financial Protection Bureau (CFPB) Ancillary Agreements

Ballard Spahr LLP

CFPB Supervisory Highlights looks at auto loan ancillary product refunds

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Yesterday, the CFPB released the Winter 2019 edition of its Supervisory Highlights.  The report discusses the Bureau’s examination findings in the areas of automobile loan servicing, deposits, mortgage loan servicing, and...more

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CFPB and FTC confirm scrutiny of ancillary products

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At the Auto Finance Risk and Compliance Summit held this week, Calvin Hagins, CFPB Deputy Assistant Director for Originations, stated that the CFPB is increasingly asking lenders about ancillary product programs during...more

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Trade groups seek clarifications to Military Lending Act regulations

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A number of prominent industry trade groups have written to the Department of Defense (DoD) seeking clarifications to the Military Lending Act (MLA) final rule adopted in July 2015 that dramatically expanded the scope of the...more

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