Another Auto Finance Company Agrees to Change Dealer Compensation Policy to Settle ECOA Claims Alleged by CFPB and DOJ

By | CFPB Monitor | February 8, 2016
Another Auto Finance Company Agrees to Change Dealer Compensation Policy to Settle ECOA Claims Alleged by CFPB and DOJ

The CFPB and Department of Justice (the “Agencies”) announced recently that they have entered into a settlement with Toyota Motor Credit Corporation (TMCC) to resolve charges that TMCC engaged in unlawful discrimination in violation of the Equal Credit Opportunity Act (ECOA). 

Tweet Like LinkedIn LinkedIn Google Plus

CFPB Encourages Financial Institutions to Improve Checking Account Access

By | Financial Services Blog | February 4, 2016
CFPB Encourages Financial Institutions to Improve Checking Account Access

In remarks delivered yesterday at a field hearing in Louisville, Kentucky, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray announced three actions the CFPB is taking to encourage financial institutions to expand access to checking accounts to the 10 million households it claims lack access to basic checking or savings accounts.

Tweet Like LinkedIn LinkedIn Google Plus