Once again, the Consumer Financial Protection Bureau dominated Auto Finance News’ compliance coverage this year, including the resignation of Director Richard Cordray, followed by a contentious battle between the two appointed interim directors, scrutiny over the power that the bureau holds, and the emergence of alternative data as an area of possible regulation.
Throughout it all, AFN has kept its ear to the ground to understand the implication these headline-making stories have on the auto finance industry.
And the CFPB will continue to be a focal point for the industry as we move into the new year, especially amid new temporary leadership of Acting Director Mick Mulvaney.
Here are the top 10 stories on the CFPB this year:
- CFPB Shifts Strategy on Dealer Participation [VIDEO]
- CFPB Scrutinizes Repossession Accounts for Fraud
- CFPB Complaints Reveal Extent of Wells Fargo’s Insurance Scandal
- House Report Gives Trump Recourse to Remove CFPB Director
- DOJ Finds CFPB Structure Unconstitutional, Sides With Trump
- CFPB Exploring Alternative Data Regulation, Cordray Says
- Extended Term Loans Double the Default Rate, CFPB Finds
- CFPB to Maintain Regulatory Authority Following Director’s Resignation
- Prospect of CFPB Reform Wanes, Enforcement Remains
- States Step Up Enforcement, Anticipating CFPB Decline
