Home Loans Nonbank auto lenders may no longer be governed by CFPB  

Nonbank auto lenders may no longer be governed by CFPB  

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The Consumer Financial Protection Bureau has proposed changing its definition of larger participants in the auto finance market, potentially removing some nonbank auto finance companies from its supervision.  The CFPB filed a proposal with the Office of Management and Budget (OMB) on July 14 to revise a rule titled “Defining Larger Participants of the Automobile […]



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