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Comments Urging CFPB to Supervise Auto Financing Companies

Consumers Union, the advocacy and policy arm of Consumer Reports, appreciates the opportunity to comment on the proposed rule to define “larger participants” in the markets for automobile financing subject to the Bureau’s nonbank supervision program. We applaud the Bureau’s decision to focus on auto purchase loans, refinancings and leases, and offer suggestions to strengthen the proposed rule.


To read the full letter, click the link below.