Dodd-Frank Act | Auto Finance News | Auto Finance News

CFPB Warns Against ‘Tricking Consumers’ With Pay-by-Phone Fees

Regulated entities should be prepared to defend their policies and practices surrounding fee-based pay-by-phone options in light of new guidance issued by the Consumer Financial Protection Bureau. The CFPB released a compliance bulletin on July 31 to provide guidance on charging pay-by-phone fees. In a press release, the CFPB touts the bulletin as a warning […]

Choice … or No Choice?

How’s that Dodd-Frank reform — the Financial Choice Act — coming along? Unless you’ve been under a rock for the last month, you’ll have noticed that things are not going so well for the Trump administration, and by extension, Republicans in the House and Senate. Between the Russia investigation, the FBI director’s firing, and a healthcare bill […]

Prospect of CFPB Reform Wanes, Enforcement Remains

DALLAS — Lenders and analysts are beginning to temper their expectations for financial reform, following the failed rollout of healthcare legislation last month, and as Consumer Financial Protection Bureau enforcement action continues, analysts said yesterday during a panel at CBA Live. “Regardless of what the president does to move this thing forward, you’re going to […]
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