SubPrime Auto Finance News featured an op-ed by Rick Hackett, current F&I Sentinel board member and former assistant director of the Consumer Financial Protection Bureau (CFPB).
In the op-ed, Hackett discusses the significance of the CFPB’s recent Supervisory Highlights, focusing on a longstanding issue: the servicing of auto loans with ancillary or F&I products. He explains, “the CFPB’s message is clear: lenders must take accountability for ensuring accurate, timely refunds”
Read the full article on Subprime.
