NADA and NAMAD Question CFPB's Approach in its Guidance on Auto Lending, Additional Perspective from Colorado Attorney Michael Dommermuth

March 26, 2013

By: Michael J. Dommermuth

Open Road

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The Consumer Financial Protection Bureau (CFPB) issued guidance regarding indirect auto lending to those finance sources that are subject to its authority. The National Auto Dealers Association (NADA) and NAMAD (National Association of Minority Auto Dealers ) comment on the issued guidance in this article with a link to their issued statement. FW Attorney Michael Dommermuth adds his perspective to these comments.

To read the article, please click on the link above and scroll to "Regulatory and Legal Updates."