The federal Consumer Financial Protection Bureau clearly intends to be an overseer of car dealerships. Between its proposal to eliminate discretionary dealer mark-up fees on auto loans as potentially discriminatory, and its new rule to supervise larger non-bank auto finance companies, the CFPB has become an important new regulatory player in the industry.
Car Biz Today magazine wants to cover what individual dealers think of this evolving CFPB role. Do you think the CFPB is serving the public good by protecting carbuyers who obtain financing at the dealership? Or, do you believe the Bureau has overstepped its mandate and acts without clear evidence? Is your opinion somewhere in between?
Click below to give us your take on this important issue for the retail automotive industry. Your opinion will be kept confidential.
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