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New data request could feed CFPB enforcement actions

The CFPB has ordered nine “large” auto lenders to provide it with hundreds of millions of data points

Marcie Belles

The Consumer Financial Protection Bureau appears to have begun an extensive fishing expedition into auto finance origination and servicing procedures. Last week, the CFPB ordered nine “large” auto lenders to provide it with hundreds of millions of data points based on details from their portfolios. The CFPB declined to identify the lenders and said only […]

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