CFPB Appears Poised to Increase Its Focus on Auto Lending | Auto Finance News | Auto Finance News

CFPB Appears Poised to Increase Its Focus on Auto Lending

Binoculars 2The Consumer Financial Protection Bureau utilizes a risk-based analysis in its approach to its supervisory and enforcement efforts. The Bureau’s risk-based approach includes factors such as the potential risk to a consumer from products offered in the market and complaints generated by consumers. In light of these publicized criteria, the auto lending space seems particularly ripe for increased scrutiny by the CFPB.

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