Cordray Vows 'Openness' with Auto Lenders

November 13, 2013
American Banker 
auto financing news

Consumer Financial Protection Bureau Director Richard Cordray acknowledged concerns Nov. 12 about how the agency is regulating indirect auto lenders, promising to be more transparent about its oversight. Cordray said the agency was convening a field hearing Thursday on the issue designed to engage directly with auto lenders. The public hearing is "to make sure that we're engaging with key stakeholders in that area," Cordray said.

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