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TAG SEARCH RESULT: Consumer Financial Protection Bureau

126  -  148  of  148

June 25, 2013 - Industry News

House Republicans Call CFPB Agenda a ‘Loss to Consumers’

Thirty-five congressional republicans warn the bureau that reforms it seeks in the auto finance industry could weaken marketplace competition and hurt a consumer’s ability to obtain the best financing terms.

Tags: auto finance, CFPB, Congress, Consumer Financial Protection Bureau

June 4, 2013 - Industry News

Trade Groups Ask HUD, CFPB to Clarify Use of Disparate Impact Theory

Eight trade associations request that the Department of Housing and Urban Development and the Consumer Financial Protection Bureau clarify and create guidance related to their use of the disparate impact theory to determine discrimination.

Tags: CFPB, Consumer Financial Protection Bureau, disparate, Richard Cordray

May 30, 2013 - Industry News

NADA Chairman: ‘CFPB Guidance Lacks Transparency and Research’

The 2013 chairman calls out the CFPB for not demonstrating that problems exist with dealer participation programs, and questions the bureau’s use of the disparate impact theory.

Tags: CFPB, Consumer Financial Protection Bureau, discrimination, NADA, National Automobile Dealers Association

May 30, 2013 - Industry News

House Democrats Question CFPB Probe of Auto Finance

Thirteen Democrats in Congress sent a letter to the CFPB's Richard Cordray, asking for “any and all background information” on the bureau's investigations of auto finance.

Tags: Auto Lending, CFPB, Congress, Consumer Financial Protection Bureau, discrimination

May 9, 2013 - Industry News

DOJ Taking Closer Look at Auto Finance

The CFPB isn’t the only regulator interested in what goes on inside the F&I office. The U.S. Department of Justice also is taking aim at retail installment transactions.

Tags: Auto Loans, Brittany-Marie Swanson, CFPB, Consumer Financial Protection Bureau, Indirect Lending

March 28, 2013 - Industry News

CFPB Opens Consumer Complaint Database to the Public

The CFPB launches the nation’s largest database of federal consumer financial complaints. Bureau officials said the database will be used to prioritize its investigations, among other things.

Tags: Auto Loans, CFPB, Complaints, Consumer Financial Protection Bureau, Richard Cordray

March 21, 2013 - Industry News

Senate Committee Approves Cordray's CFPB Nomination by Narrow Margin

In a party line vote, the Senate Banking Committee approved the nomination of Richard Cordray to his five-year term as director.

Tags: Appointment, Barack Obama, CFPB, Consumer Financial Protection Bureau, director, Mike Crapo, nomination, Richard Cordray, Senate, Senate Banking Committee, Tim Johnson

February 21, 2013 - Industry News

CFPB Warns Banks About Questionable Auto Loans, <em>Bloomberg</em> Reports

At least four banks have 15 days to provide an explanation of their auto lending practices to the Consumer Financial Protection Bureau, or they could face lawsuits.

Tags: Auto Lending, banks, Consumer Financial Protection Bureau, Lawsuit

January 31, 2013 - Industry News

NAF to Host CFPB’s Hackett at 2013 Conference

Richard P. Hackett, assistant director of the Consumer Financial Protection Bureau, will return as a keynote speaker for the NAF Association's 2013 conference, event organizers announced this week.

Tags: CFPB, Consumer Financial Protection Bureau, NAF, National Automotive Finance Association, Richard P. Hackett

November 13, 2012 - Industry News

CFPB’s No. 2 to Leave Agency

The Consumer Financial Protection Bureau’s No. 2 official will depart after a new set of mortgage rules is finalized, The Wall Street Journal reports.

Tags: CFPB, Consumer Financial Protection Bureau, Dodd-Frank Act, Raj Date, The Wall Street Journal

July 17, 2012 - Industry News

CFPB to Supervise Credit Reporting Agencies

Finance sources aren’t the only ones being targeted by the new consumer protection bureau, which announced that it will begin overseeing consumer reporting agencies.

Tags: CFPB, Consumer Financial Protection Bureau, consumer reporting, credit reporting, Dodd-Frank Wall Street Reform and Consumer Protect

March 6, 2012 - Industry News

CFPB's Hackett to Deliver Keynote at NAF Conference

The National Automotive Finance (NAF) Association announced that Richard P. Hackett, an assistant director at the Consumer Financial Protection Bureau, will be the keynote speaker at the NAF’s 16th annual conference.

Tags: CFPB, Consumer Financial Protection Bureau, National Automotive Finance Association

January 5, 2012 - Industry News

Obama Appoints Cordray as CFPB Director

President Obama appointed Richard Cordray as director of the Consumer Financial Protection Bureau yesterday.

Tags: CFPB, compliance, Consumer Financial Protection Bureau, Obama administration

July 19, 2011 - Industry News

Obama Nominates Former Ohio AG to Lead New Bureau

President Obama nominated former Ohio Attorney General Richard Cordray to serve as the director of the new Consumer Financial Protection Bureau (CFPB) agency. Cordray has served as head of the CFPB’s enforcement division for the last six months.

Tags: CFPB, compliance, Consumer Financial Protection Bureau, Hudson Cook LLP, Legal, Obama administration

July 7, 2011 - Industry News

FTC Announces Second Roundtable Event

The Federal Trade Commission’s second roundtable will be staged at St. Mary's University School of Law on Aug. 2-3.

Tags: CFPB, compliance, Consumer Financial Protection Bureau, Dodd-Frank Act, FEDERAL REGULATION, Federal Reserve, Federal Trade Commission, Hudson Cook LLP, Regulations

March 22, 2011 - Industry News

Hudson Cook LLP to Participate in FTC Roundtable Event

Tom Hudson and Michael Benoit, attorneys with Hudson Cook LLP and the magazine's Legal columnists, have been invited to serve as panelists at the Federal Trade Commission's first public roundtable to discuss consumer protection issues related to the sale, financing and leasing of cars, SUVs and light trucks.

Tags: CFPB, Consumer Financial Protection Bureau

January 25, 2011 - Industry News

GAP Deductible Under Threat in California

New disclosure requirements being considered by the Federal Reserve Board (FRB) for loan insurance products aren’t the only threat to core F&I offerings like GAP. In California, product providers are racing to notify dealers that one of the key selling feature of GAP might be barred since a new law took effect on Jan. 1.

Tags: Consumer Financial Protection Bureau, credit insurance, Federal Reserve, Federal Trade Commission, GAP, NADA

November 30, 2010 - Industry News

Dodd-Frank Act, New Protection Bureau to Dominate Concerns in 2011

Coping with the uncertainty of the Dodd-Frank Act and its newly-formed Consumer Financial Protection Bureau (CFPB) will be among U.S. financial institutions’ foremost concerns in 2011, according to the experts at Wolters Kluwer Financial Services.

Tags: Consumer Financial Protection Bureau, Indirect Lending, Risk-Based Pricing Rule, Wolters Kluwer Financial Services

April 6, 2010 - Industry News

NADA Issues Legislative Call-to-Action in Support of Brownback Amendment

Sen. Sam Brownback (R-Kan.) is planning to offer an amendment to exempt auto dealers from the financial regulation bill when the Senate considers the proposed legislation as early as next week.

Tags: Consumer Financial Protection Bureau, financial reform, NADA

March 23, 2010 - Industry News

Senate Committee Approves Dodd’s Finance Reform Bill

The one obstacle that could hamper the return of the auto finance market moved one step closer to becoming reality after the Senate Banking Committee voted yesterday to approve Senator Christopher Dodd’s (D-Conn.) new finance reform bill.

Tags: Consumer Financial Protection Bureau, financial reform

December 10, 2009 - Industry News

Rep. Watt Looks to Eliminate Dealer Exemption From CFPA

The National Automobile Dealers Association (NADA) is mobilizing a nationwide grassroots effort today to oppose Rep. Mel Watt (D-N.C.)’s amendment to eliminate an exemption for auto dealers from the soon-to-be created Consumer Financial Protection Agency (CFPA).

Tags: Consumer Financial Protection Bureau, NADA

December 8, 2009 - Industry News

CFPA Bill Added to Larger Financial Reforms Package

A House committee has incorporated the Consumer Financial Protection Agency (CFPA) into a larger financial reforms package, called the Wall Street Reform and Consumer Protection Act.

Tags: Consumer Financial Protection Bureau, Honda Financial Services

October 22, 2009 - Industry News

Lawmakers Pass Amendment to Exclude Auto Dealers from New Federal Agency

The House Financial Services Committee approved a key amendment, 47-21, to keep automobile dealers under the already effective state and federal laws which govern vehicle financing.

Tags: Consumer Financial Protection Bureau, Honda Financial Services, NADA