CFPB Drops Indirect Lending Case
By EsqSocial Corporation 29/04/25
On April 22, the Consumer Financial Protection Bureau (CFPB) requested the U.S. District Court for the Southern District of New York to remove the bureau as a plaintiff in CFPB v. Credit Acceptance Corporation, a case that could have widespread impacts on the commercial sale and purchase of contracts in the secondary auto finance market. The Biden-era CFPB and New York Attorney General’s Complaint made many novel legal arguments that did not align with law or regulations, sparking concern from...
By: Brownstein Hyatt Farber Schreck