Tagged as: larger participants

CFPB Announces Rule Permitting Monitoring of Auto Finance Companies

On Wednesday, June 10, 2015, the Consumer Financial Protection Bureau (“CFPB”) announced a new rule that grants the CFPB the ability to monitor nonbank companies that qualify as “larger participants of a market for automobile financing.”  The CFPB simultaneously adopted a separate rule defining certain automobile leases as a “financial…

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