CFPB: Exams Give Opportunity for ‘Open Dialogue’

FORT WORTH — The Consumer Financial Protection Bureau’s approach to any market, in reference to the larger participant rule, “is pretty consistent,” Calvin Hagins, the CFPB’s deputy assistant director for originations in the Office of Supervision Policy told attendees at the Auto Finance Risk & Compliance Summit Monday. “The objective is to get an understanding of [...]

By |2016-05-16T13:12:01+00:00May 16th, 2016|News|0 Comments

Flat Fees Stiffen Competition for TEDCU

Moving to a flat-fee model for dealer compensation would make it “cheaper to get business,” but would lower the amount of deals Texas Dow Employee Credit Union would close with dealers in its market, said Chuck Smith, TDECU’s senior vice president and chief lending officer. “ I would love for everybody to go to a [...]

By |2016-05-16T13:11:52+00:00May 16th, 2016|News|0 Comments
Go to Top