CFPB takes new tack in auto lender crackdown

摘要

The Consumer Financial Protection Bureau took a fresh approach to cracking down on auto lenders in a consent order released last week, citing First Investors Financial Services Group of Houston for failing to furnish accurate customer data to credit reporting agencies and ordering it to pay a $2.75 million fine. Citing inaccurate data is a new angle for the CFPB, which has relied on allegations of pricing discrimination to corral auto lenders.