Congress Is Trying To Undo Oversight Of Dealership Loans

Congress Is Trying To Undo Oversight Of Dealership Loans

Auto loanThe Consumer Financial Protection Bureau was created in 2011 to ensure that lenders treat borrowers fairly and transparently. However, a curious legal loophole prevented the CFPB from overseeing car dealerships, even though those dealerships broker billions of auto loans each year. The loophole tightened in June, after charges of discrimination…
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