Appeals court grants rehearing, vacates decision that questioned CFPB’s constitutionality

Appeals court grants rehearing, vacates decision that questioned CFPB’s constitutionality WASHINGTON, D.C. — As reported by other media outlets as well as the American Financial Services Association and Hudson Cook, the U.S. Court of Appeals for the District of Columbia...

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Dealer Advice Following Court Action Against CFPB

Automotive Compliance Consultants urges dealers to stay vigilant despite action against CFPB CRYSTAL LAKE, Ill. — Automotive Compliance Consultants advised dealerships to remain vigilant and attentive to consumer business practices even though the U.S. Court of Appeals recently ruled the...

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Companies may challenge CFPB after court ruling

Companies might challenge CFPB after court ruling CARY, N.C. — More industry reaction percolated stemming from Tuesday’s decision by the U.S. Court of Appeals for the District of Columbia Circuit involving the Consumer Financial Protection Bureau, which on the same...

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CFPB orders Colo. BHPH dealer to pay $700K in restitution

WASHINGTON, D.C. — For the second time in two months, the Consumer Financial Protection Bureau took out an enforcement action in the buy-here, pay-here industry. On Thursday, the enforcement came against Herbies Auto Sales, an operator in Greeley, Colo.,...

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Fifth Third Bank to Cap Dealer Markups

Fifth Third Bank to Cap Dealer Markups The CFPB and DOJ announced two actions against Fifth Third Bank on Monday, one of which requires the finance source to pay $18 million in restitution to minority auto loan borrowers, as...

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