Congress Is Trying To Undo Oversight Of Dealership Loans - Detroit Racing Forums

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Congress Is Trying To Undo Oversight Of Dealership Loans

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11-19-2015, 12:27 PM	#1
NewsBot Registered User Senior Member Join Date: Jun 2010 Posts: 48,601	Congress Is Trying To Undo Oversight Of Dealership Loans The 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... More...

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