1.0CLP Bloghttps://clpblog.citizen.orgAllison ZieveCFPB to oversee nonbank auto finance companies - CLP Blogrich600338<blockquote class="wp-embedded-content" data-secret="LkoCoRl2By"><a href="https://clpblog.citizen.org/cfpb-to-oversee-nonbank-auto-finance-companies/">CFPB to oversee nonbank auto finance companies</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://clpblog.citizen.org/cfpb-to-oversee-nonbank-auto-finance-companies/embed/#?secret=LkoCoRl2By" width="600" height="338" title="“CFPB to oversee nonbank auto finance companies” — CLP Blog" data-secret="LkoCoRl2By" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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The Consumer Financial Protection Bureau has published a rule allowing the agency to supervise larger nonbank auto finance companies. The CFPB press release is here. The rule is here. The CFPB also released the examination procedures that examiners will use to ensure that auto finance companies are following the law. The examination procedures are here.