With its focus on auto sector intensifying, the Consumer Financial Protection Bureau has announced an auto finance forum to take place at its headquarters on Nov. 14.
CFPB Director Richard Cordray will speak at the event, and consumer groups and industry representatives will take part in a discussion.
For those who can’t participate in person, the event will be streamed live on the CFPB’s blog. Space is limited and an RSVP is required. For complete information, visit the Blog section of the CFPB’s website.
Steve, thanks for the clarification. Well, I think the FTC has a better understanding of that after yesterday. There was a lot of talk about risk and pricing at the roundtable. The question boiled down to just how much of the pricing is for risk and just how much of the pricing is because dealers are getting what they can out of consumers? Or as Van Alst accused, “It is not risk-based pricing of consumers. It is opportunity pricing.” The FTC is going to have to figure it out.
I’ll be there, covering for AFN! Let me know if you’ll be there, readers. I’d love to meet you.