Arthur Baines and Dr. Marsha Courchane review the Consumer Financial Protection Bureau’s bulletin on fair lending compliance in the indirect auto arena and analyze how it may impact dealer discretion and the prices faced by car-buying consumers. They contrast the difference between franchised car dealers and mortgage brokers.
What CFPB enforcement history reveals about future priorities
The authors analyze the enforcement activity under each of the directors who served the CFPB since its inception and the civil money penalties collected by...