Consumer Finance

CFPB Issues Larger Participant Rule for Non-Bank Vehicle Finance Companies

September 18, 2014

The Consumer Financial Protection Bureau (CFPB) released its larger participant rule for nonbank vehicle finance companies yesterday before a scheduled field hearing in Indianapolis. See CFPB Larger Participant Supervisor Highlights; CFPB Larger Participante Proposed Rule; and CFPB Larger Participant Rule Proxy Information. The CFPB defines “larger participants” as companies making, acquiring, or refinancing 10,000 or more loans or leases in a year.

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Consumer Finance

CFPB Issues Larger Participant Rule for Non-Bank Vehicle Finance Companies

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