November 2014 Articles – CFPB Journal

Republicans likely to keep CFPB in the crosshairs

Mid-term election results promise to increase the pressure that the Republican party has been putting on the Consumer Financial Protection Bureau.

‘Buy Here, Pay Here’ auto dealer fined by CFPB

The Consumer Financial Protection Bureau took its first action ever against a car dealership last week. DriveTime Automotive Group Inc., an Arizona-based company that sells vehicles as well as originating and servicing auto loans, was the target.

Loan originator compensation rule violation leads to CFPB action

The Consumer Protection Financial Bureau announced last week that it is taking action against Franklin Loan Corporation for violations of the Federal Reserve Board’s loan originator compensation rule.