Auto lending

House bill aims to improve transparency of CFPB guidance process

04/23/18

The legislation would prohibit the CFPB from penalizing institutions that rely in good faith on guidance from the bureau.

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Wells Fargo woes, Ally departure and Fine exit: Top stories of the week

04/20/18

The issues at Wells Fargo extend beyond the fines; Ally Financial's auto finance chief departs; ICBA chief Cam Fine signs off; and more from this week's most-read stories.

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Wells Fargo’s penance: What’s been done, what’s to come

04/19/18

The latest fine from regulators is expected to be leveled against the bank as early as Friday. But it's far from the only penalty it has paid in recent years, and more may be on the way.

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'Republicans are feckless': Comments of the week

04/19/18

Readers react to the Senate overriding the Consumer Financial Protection Bureau's auto lending guidance, weigh in on House efforts to reform the Dodd-Frank Act and debate technology being used to replace new branches.

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Ally's auto finance chief to depart, triggering series of moves

04/19/18

Tim Russi played a key role in the company’s transition away from its once-close relationship on General Motors. He will be succeeded by Doug Timmerman, a 32-year Ally veteran.

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Senate moves to kill CFPB auto rule; Amex profit soars 31%

04/19/18

Bill to end the guidance intended to fight discriminatory lending now goes to the House; card company’s push to make more loans to customers pays dividends.

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Does Senate’s repeal of CFPB policy put all guidance in crosshairs?

04/18/18

Passage of a resolution blocking guidance on auto loan pricing could set a precedent that allows Congress to nullify other long-past regulatory issuances.

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Senate votes to block CFPB auto lending guidance

04/18/18

The Senate voted Wednesday to block guidance issued by the Consumer Financial Protection Bureau in 2013 that was meant to stop discriminatory markups on indirect loans made by car dealers.

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Senate ready to repeal CFPB auto rule; Tax cuts juice bank profits

04/18/18

The Senate is expected to pass a bill that would ax controversial guidance on loans at car dealerships; lower tax rate may have skewed year-on-year comparisons.

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Repeal of CFPB rule could still leave car lenders on the hook

04/17/18

As the Senate closes in on overturning the Consumer Financial Protection Bureau's 2013 indirect auto loan rule, a central question is how lasting the congressional measure will be in limiting the CFPB's authority.

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