Auto Dealers, Lenders Prepare for CFPB Scrutiny

Auto lenders and dealerships are strengthening their compliance staffs as the Consumer Financial Protection Bureau (CFPB) cracks down on lending practices. Automotive News reported that lenders are beefing up to monitor dealerships more closely and dealerships are gearing up to face the added scrutiny. “Staffing levels are definitely up” for lenders, said Andy Barksdale, managing […]