Perspectives

Strategic implications of the CFPB’s guidance on indirect auto lending

Indirect auto lending at the crossroads

A look at the CFPB’s position on indirect auto lending and strategic alternatives reveals nuances in enhancing nonreserve and reserve-based products.

While auto lending remained largely outside the purview of many new regulations issued in response to the financial turmoil that occurred in the banking sector, auto finance may be attracting more regulatory attention as auto finance origination volumes rise amid declining home-equity loan volumes, a traditional alternative to auto loans for many borrowers.
 
The auto finance landscape may significantly change due to the release of the Consumer Financial Protection Bureau’s (CFPB’s) bulletin signaling its intent to become more involved in auto lending.

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Kenny M. Smith

Vice Chairman | Banking & Securities Sector Leader