The Consumer Protection Financial Bureau (CFPB) has identified several auto lenders that may be engaging in improper business practices, according to a November 4 report from American Banker.
Industry members have rejected claims they are misleading consumers. Andrew Sandler, chairman and executive partner at BuckleySandler, a financial services law firm, told the Banker that the CFPB doesn’t “have reliable information.”
To learn more about the CFPB’s oversight of the auto lending industry, read the full story here.
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