Bulletin 2022-04: Mitigating Harm From Repossession of Automobiles

March 4, 2022 CFPB, Regulation lookup 0

Title: Bulletin 2022-04: Mitigating Harm From Repossession of Automobiles
Subject: Auto repos
Agency: CFPB
Status:
Compliance Bulletin 2022-04
Summary:

The Consumer Financial Protection Bureau (Bureau or CFPB) is issuing this Compliance Bulletin regarding repossession of vehicles, and the potential for violations of sections 1031 and 1036 of the Dodd-Frank Wall Street Reform and Consumer Protection Act’s (Dodd-Frank Act’s) prohibition on engaging in unfair, deceptive, or abusive acts or practices (collectively, UDAAPs) when repossessing vehicles.
FR Doc: 2022-04508
Date proposed:
Comments due date:
Effective date:

March 3, 2022
Rule compliance date:
Agency release:
Related Reg Report item(s): Bureau issues second warning in week that it is closely watching auto lending, repossessions