Auto lending

Deal on dereg bill; Schneiderman’s legacy

05/09/18

Ryan, McConnell say they have a deal on a bipartisan Dodd-Frank rollback; New York won more than $5 billion in settlements from big banks under the former AG.

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House repeals CFPB's controversial indirect auto lending guidance

05/08/18

Bill supporters say the guidance — which held indirect auto lenders liable for unintentional discrimination at partner dealerships — violated Dodd-Frank, but consumer advocates say the legislation would expose minority borrowers to mistreatment.

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Auto lending scrutiny: Will states pick up where CFPB left off?

05/07/18

Auto lenders would be well advised to keep up their guard as states — particularly blue ones — take steps of their own to crack down on what they see as abusive practices.

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'Academy Award for worst policy idea of 2018': Comments of the week

05/03/18

Readers applaud acting Consumer Financial Protection Bureau Director Mick Mulvaney’s cost-cutting ideas, slam recent calls for postal banking, opine on banks limiting their business with firearms dealers and more.

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CFPB auto-loan crackdown crumbled long before Senate stepped in

04/30/18

The agency’s 2013 guidance is frequently portrayed as either an overdue push to stamp out lending discrimination or a case study in regulatory overreach. In truth, its impact was minimal.

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How huge Wells fine could leave customers in the cold

04/27/18

Not a penny of the $1 billion fine against Wells Fargo will end up in the hands of customers harmed by practices flagged by regulators.

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Ally seizes opportunity in used-car lending

04/26/18

Record originations on "better-yielding" used-car loans helped drive a 14% increase in its first-quarter profit. But Ally's shares were down Thursday on concerns of rising deposit costs.

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Mulvaney to drop public complaints against firms, change CFPB name

04/24/18

Acting Consumer Financial Protection Bureau Director Mick Mulvaney announced a trio of significant changes to the CFPB.

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Penalties levied against Wells Fargo miss top execs. Again.

04/24/18

No individuals have been named in connection with the bank’s recent misdeeds, which resulted in a $1 billion fine, even as some senior leaders stand to gain from the government’s tax cut.

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TCF raises bet on inventory finance, but is it overplaying its hand?

04/23/18

The move toward more asset-based finance shows how CEO Craig Dahl, in his second year at the helm, is reshaping the Minnesota company after its surprise exit from auto lending last year.

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