Links in “Auto Lending”

Writer sees CFPB as seeking to circumvent Dodd-Frank by pressuring banks to ensure auto lenders are complying with fair lending laws. [10/21]

Ten individuals charged in two-pronged scheme involving falsified tax records and straw buyers. [9/4]

If your financial institution is an auto lender, here are a few major trip wires that could trigger examiners to investigate you. [8/9]

Federal Reserve data show that lenders are easing their underwriting standards on real estate and auto loans in response to the increasing net worth and declining debt ratio for the average consumer; Alliance Bernstein in New York reports that household finances are in the best shape they’ve been in a decade. [8/6]

If a consumer applied for an auto loan, giving the institution a permissible purpose to pull the report, does Fair Credit Reporting Act prohibit that institution from making an additional offer of credit based on that report? [7/29]

Critical lessons for all auto lenders to avoid enforcement penalties, supervisory citations and regulatory enforcement. Important lessons. Expands key UDAAP-Type Principles. [6/28]

In response to requests from congress, Cordray responds in a letter that the CFPB is examining possible discrimination beyond the housing and auto finance market. [6/25]

Asks for rationale for on fair lending guidelines for auto lenders over concerns that they may weaken competition by limiting consumer's ability to negotiate with the dealer to obtain lowest financing terms. [6/24]

DOD seeks comments on whether further limitations should be placed on payday loans and auto title loans to servicemembers and their dependents, noting that some predatory lenders have modified their products to avoid the limitations under current law. [6/17]