CFPB | Auto Finance News | Page 4 | Auto Finance News - Part 4

CFPB Report Advocates Structural Changes Short of a Bipartisan Commission

The Consumer Financial Protection Bureau released its annual report on Monday, and it includes four legislative policy recommendations that would erode the agency’s independence and make it more beholden to political institutions. First, Acting Director Mick Mulvaney is recommending that Congress appropriate the Bureau’s funding rather than the Federal Reserve. Second, he seeks legislative approval […]

Texas Regulator Detects Reduced CFPB Data Sharing With States

State regulators are finding coordination on multi-state enforcement actions and concurrent company investigations alongside the Consumer Financial Protection Bureau are becoming more intricate and involved, said Rudy Aguilar, director at the Texas Office of the Consumer Credit Commissioner. Under the new CFPB administration, consumer personal information is less available as the regulator becomes more careful about […]
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