CFPB and FTC confirm scrutiny of ancillary products

At the Auto Finance Risk and Compliance Summit held this week, Calvin Hagins, CFPB Deputy Assistant Director for Originations, stated that the CFPB is increasingly asking lenders about ancillary product programs during examinations, particularly about the percentage of consumers buying these products. In June 2015, when the CFPB released its larger participant rule for nonbank... Continue Reading…...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/2qvJpsg
via IFTTT