The Consumer Financial Protection Bureau is trying to address rising auto prices. The federal agency was formed due to the subprime financing meltdown of 2011 and has handled other lending-related issues since. But now, their sights have turned to auto lending as a leverage point for vehicle prices.
What should we expect? The newest director, Chopra, is expected to be more active than any previous head of the agency. It is unknown how soon dealers will feel the effects of this change. Leaders and not dealers are under the agency's jurisdiction, but securing financing for customers may become more difficult as the CFPB chooses a stance on auto-lending.
Telling it like it is - Ok, ok. Remember the whole "Dealers pushing back" thing? Welcome to game time troublemakers!