WINNERSLOSERSCar buyers11 of 19Auto dealers sought and ultimately received an exemption from having their auto-loan broker operations monitored by the Consumer Financial Protection Bureau. That means that car buyers won't be able to bring complaints about dealers to the bureau in the event they encounter abusive lending practices. Instead, they must to turn to the Federal Trade Commission.« Back to Financial Regulation. Related Articles:Fed's monetary policy toolboxHelp for mortgage borrowers?Financial meltdown: Credit cardsHow safe is your bank?Related Links:Types of banking institutionsSafe places for cashHow the economy affects youCommon mistakes in a bad economy advertisement
Auto dealers sought and ultimately received an exemption from having their auto-loan broker operations monitored by the Consumer Financial Protection Bureau. That means that car buyers won't be able to bring complaints about dealers to the bureau in the event they encounter abusive lending practices. Instead, they must to turn to the Federal Trade Commission.
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