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

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Nonbank lenders stalled amid shifting compliance landscape

Administration’s new CFPB priorities also affecting disparate impact

Truth Headlam

Shifting priorities within the Consumer Financial Protection Bureau, White House and FTC have changed how regulators approach consumer lending, prompting auto lenders and dealers to wait for clearer direction on oversight and enforcement.  The CFPB, notably, has narrowed its approach to regulation, leaving auto lenders to grapple with potentially increased state-level oversight. Additional changes at […]

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