|Title:||Bulletin 2022-04: Mitigating Harm From Repossession of Automobiles|
Compliance Bulletin 2022-04
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.
|Comments due date:|
March 3, 2022
|Rule compliance date:|
|Related Reg Report item(s):||Bureau issues second warning in week that it is closely watching auto lending, repossessions|