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The Consumer Financial Protection Bureau issued a consent order against Nissan Motor Acceptance Corporation, which services auto loans and leases originated by Nissan and Infiniti dealerships nationwide.
The Consumer Financial Protection Bureau settled with Lobel Financial Corporation, an auto-loan servicer based in Anaheim, California.
The Consumer Financial Protection Bureau issued a report examining the early effects of the COVID-19 pandemic on consumer credit.
The Consumer Financial Protection Bureau took steps to facilitate the transition away from LIBOR for consumers and regulated entities.
Five federal financial institutions regulators and state regulators encourage financial institutions to work with consumers affected by the federal government shutdown.
Company Did Not Properly Disclose Terms and Conditions of Its Auto Loan Add-On Product and Auto Loan Extensions.
The Bureau of Consumer Financial Protection (Bureau) today released its 17th edition of Supervisory Highlights.
Today the President signed into law a bipartisan Congressional resolution disapproving a rule that was in the form of guidance issued by the Bureau of Consumer Financial Protection (Bureau) about indirect auto lender compliance with the Equal Credit Opportunity Act (ECOA) and its implementing regulation.
Coordinated Action with Office of the Comptroller of the Currency Requires Bank to Reimburse Affected Borrowers and Pay $1 Billion Fine.
Six-Year Auto Loans Carry Higher Costs and Higher Default Rates than Five-Year Auto Loans.
Bureau Supervision Requires Some Companies to Change Practices to Prevent Future Violations.
Auto Loan Company Failed to Provide Redress For Illegal Collection Tactics.
Web-based Tool Will Deliver Regular Updates on Consumer Lending Markets.
On behalf of the Bureau, let me welcome all of you and say that we much appreciate this opportunity to discuss consumer financial markets with so many...
By
Richard Cordray
CFPB Finds Qualified Students Were Blocked From Affordable Loan Repayment Plans; Updates Student Loan Servicing Exam Procedures.
Bureau Alleges Lenders Did Not List Required Annual Percentage Rate in Online Loan Advertisements.
Report Highlights Violations in Auto Origination, Debt Collection, Mortgage Origination and Small-dollar Lending.
The CFPB's Office of Consumer Response hears directly from consumers about the challenges they face in the marketplace, brings their concerns to the...
Online Guide and Shopping Sheet Help Consumers Evaluate Costs and Shop for Auto Loans.
Welcome to this meeting of our Consumer Advisory Board. It is a pleasure to be here in Little Rock today, and I look forward to our conversation. The...
Today, we are releasing our fourth report on this market, which is a study of single-payment auto title loans. Our study analyzed nearly 3.5 million loans...
By
Richard Cordray
Majority of Auto Title Loan Business Comes From Borrowers Stuck In Debt for Most of the Year.
Minority Borrowers Who Paid Higher Rates for Auto Loans Will Receive Up to $21.9 Million.
Subprime "Buy Here Pay Here" Dealer Hid Finance Charges, Deceived Consumers The Bureau today took action against Herbies Auto Sales, a buy-here pay-here...
One of Nation's Biggest "Buy-Here, Pay-Here" Auto Dealers Provided Inaccurate Credit Information Today the Bureau is taking action against CarHop, one of...