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Tag Archives: cfpb
CFPB Scoffs at NADA FOIA Request on Auto Lending
The Consumer Financial Protection Bureau, aka CFPB, has rejected a Freedom of Information Act – FOIA – request by the National Automobile Dealers Association to release a memorandum that NADA alleges shows that the agency is seeking to exercise jurisdiction over auto dealers financing, which is prohibited under the Wall Street Reform and Consumer Protection Act of 2010, also called Dodd-Frank. Continue reading
Posted in customer satisfaction, litigation
Tagged auto lending practices, auto loan abuses, autoinformed, autoinformed.com, cfpb, Ken Zino, nada
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DOJ Honda Consent Order Aims to Cut Auto Loan Abuses
The consent decree is a substantial, perhaps fatal, setback for dealer lobbying groups such as NADA and AIADA who have been fighting CFPB on non-discriminatory pricing. Continue reading
NADA FOIAs to CFPB on Targeting Auto Dealers
As always, it pays to shop since rates can vary drastically, and there have been cases of blatant discrimination where dealers charged varying amounts even though the victims have the same credit scores. (Read AutoInformed on Asian Auto Lending Discrimination in Los Angeles?) Continue reading
Posted in prices
Tagged auto lending, autoinformed.com, cfpb, flat rate lending, Ken Zino, nada
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Ally Settles Auto Loan Discrimination Case
The agreement is the first joint fair lending enforcement action by the Justice Department and CFPB, which Republicans and their Wall Street and banking cronies continue to fiercely resist. However, in AutoInformed’s view this is not exactly the strongest test case possible. Continue reading
Posted in litigation
Tagged ally, auto loan discrimination, autoinformed, autoinformed.com, cfpb, Ken Zino
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