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CFPB Official Who Sued Trump Resigns, Drops Suit

CFPB Official Who Sued Trump Resigns, Drops Suit

The CFPB official who went to court last year after Trump appointed Mick Mulvaney as acting director announced on Friday she is leaving the embattled regulator. In a tweet, her attorney said the CFPB official is also dropping her legal fight to be the regulator's acting director.

July 9, 2018

KPA Acquires Auto Advisory Services Inc.

The acquisition of the F&I audit services firm enables KPA to become a single source for automotive compliance. The transaction closed on May 31.

July 3, 2018

Webinar: Gil Van Over to Tackle Compliance Issues on the Road to the Sale
NIADA: Cost of Doing Business Up, Finance Availability Down

NIADA: Cost of Doing Business Up, Finance Availability Down

The association’s first quarter business confidence survey reveals subdued expectations for sales and economic growth among independent dealers. One factor muting optimism is finance source availability and tighter credit guidelines.

May 8, 2018

U.S. Senate Approves Resolution to Repeal CFPB’s Dealer Participation Guidance
Wells Fargo Faces $1 Billion Fine for Mortgage and Auto Insurance Issues
Reuters: U.S. Senate Panel Plans to Scrap CFPB’s Dealer Participation Guidance
Auto Lands at No. 2 on N.Y. Attorney General’s Complaint List
Military Lending Act's December Update More Harmful Than First Thought

Military Lending Act's December Update More Harmful Than First Thought

A Hudson Cook attorney told industry trade groups in a Jan. 18 memo that the Defense Department’s Dec. 14 interpretative rule, combined with something else it did in July 2015, makes it ‘highly unlikely that any dealer or finance source will be willing to originate or purchase’ a vehicle finance transaction if credit-protection products are included.

February 22, 2018

BB&T Switches Back to Markups as CFPB Shifts Away From Enforcement
FTC Approves Consent Order in Texas Dealer’s Deceptive Advertising Case