I was getting ready to leave the house for work…
A few weeks ago, we told you about an issue between the Consumer Financial Protection Bureau (CFPB) and auto dealers that’s been heating up in the nation’s capital. Below is an infographic from the National Automobile Dealers Association (NADA) that aims to explain this complex issue in a visually easy-to-digest manner.
Take a look and share your thoughts in the comments…Do you think that this federal oversight agency should provide reasonable solutions in its mission to protect consumers? Or do you think that the proposed flat-fee solution is the fairest for all consumers?
You can learn more about the issue through these resources:
- CFPB Sees Options to ‘Flat-Fee’ Dealer Payment (rvbusiness.com)
- CFPB & Indirect Auto Lending – The Saga Continues (Dorsey.com)
- NADA’s website regarding CFPB issues that tracks the conversation
Disclaimer: The author of this post provides strategic communications services for the National Automobile Dealers Association, who is actively involved in the CFPB/dealer-assisted financing debate.
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