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Home › More FTC and less Dodd-Frank for the auto lending industry

 

More FTC and less Dodd-Frank for the auto lending industry

2015-04-30 13:58:14| Auto Dealers - Topix.net

Sen. Elizabeth Warren recently announced that she wants the Consumer Financial Protection Bureau to apply the Dodd-Frank Act to automotive lenders, which are issuing higher numbers of subprime loans in recent years for higher credit risk consumers. Although Warren's intentions to reign in the subprime vehicle market before it affects our slowly recovering economy, the unintended consequences could be as bad - or worse - than the current lending climate.

Tags: the auto industry lending

Category:Automotive

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