Federal Reserve announces emergency meeting on auto lending regulations • Click for details

Vehicle Sales

0
+ 0 %

AFN Composite Index

0
+0.44%

Consumer Sentiments

0
+ 0 %

SOFR

0
+ 0 %

APR 48 Mos.

0
+ 0 %

CFPB headquarters shuts down for COVID-19

Matthew Wood

The Consumer Finance Protection Bureau has informed employees at its Washington, D.C., and New York offices to work remotely after a contractor tested positive for COVID-19, the bureau announced.

Two CFPB employees in the Washington, D.C., office had exhibited symptoms and were tested for the virus. Employees working in Washington were notified of the first possible case of coronavirus in an email on March 12, according to news reports. Employees were informed of a second potential case the following day.

On Monday, the CFPB informed staffers that one of the contractors had tested positive for the coronavirus. According to the message, the CFPB has implemented a mandatory telework policy for its Washington headquarters and its New York office until March 20. Employees working in regional offices that remain open were encouraged to work remotely.

The shutdown of the CFPB offices came as the White House and the Centers for Disease Control issued new coronavirus guidelines that included telling people to work from home if possible.

On the auction front, Manheim, which runs auctions for automobiles and powersport vehicles, is shuttering its physical auction lanes through April 3 due to the coronavirus outbreak.

Related Posts

Bank of America consumer vehicle net charge-offs tick down

Aidan Bush

CarMax Auto Finance originations down 1.5%

David Thompson

Wells Fargo Auto originations soar 110% YoY

David Thompson

Chase Auto originations down 3% YoY

David Thompson

Subscribe To Our Email Newsletter

Join industry professionals who start their day with our curated auto finance news.

* indicates required

By clicking submit below, you consent to allow Auto Finance News (Royal Media Group) to store and process the personal information submitted above to provide you the content requested.

For more information please visit www.royalmedia.com/legal.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices.

Sponsored

Tesla announces new fleet financing program

EV Finance

Subscribe to Our Newsletters

PowerSports Finance - Monthly coverage of the powersports lending market