CFPB advisory: Helpful for lenders, but at what costs? | Auto Finance News | Auto Finance News

CFPB advisory: Helpful for lenders, but at what costs?

The Consumer Financial Protection Bureau‘s latest guidance effort may be beneficial for lenders, but has its drawbacks, industry lawyers say. The bureau’s pilot advisory opinion program is a formalized process that allows lenders to submit requests in order to clear up confusion on regulations. The CFPB will review requests for guidance and, at its discretion, […]

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