A June 14th editorial about CFPB oversight of the auto industry appearing in the NY Times contained this gem: “Most auto profits are made not by selling cars but by making auto loans that often contain hidden finance charges and other essentially useless add-ons like credit insurance. Take dealer interest rate mark ups….” First, does […]

On June 10, 2015 the CFPB Published their Exam Procedures for the “Larger Participant Rule”. An Excerpt from the release: “Auto loans and leases are among the most significant and complex financial transactions in a typical consumer’s life” Richard Cordray, Director of Consumer Financial Protection Bureau – June 10, 2015 “The Bureau would be concerned if consumers […]