The League – Fostering Financial Wellbeing for All

CFPB: Bulletin 2013-02: Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act (3/21/2013)

This bulletin provides guidance about compliance with the fair lending requirements of the Equal Credit Opportunity Act (ECOA) and its implementing regulation, Regulation B, for indirect auto lenders that permit dealers to increase consumer interest rates and that compensate dealers with a share of the increased interest revenues.