12 CFR 1090.108 - Automobile financing market
| Cite as | 12 CFR 1090.108 |
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12 practice notes
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Arbitration Agreements
...with the definition of that activity in the Bureau's larger participant rulemaking for the automobile finance market codified at 12 CFR 1090.108. As the Bureau explained in that rulemaking, from the perspective of the consumer, many automobile leases function similarly to financing for auto......
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Defining Larger Participants of the Automobile Financing Market and Defining Certain Automobile Leasing Activity as a Financial Product or Service
...product or service'' means, for purposes of Title X: (a) Extending or brokering leases of an automobile, as automobile is defined by 12 CFR 1090.108(a), where the lease: (1) Qualifies as a full-payout lease and a net lease, as provided by 12 CFR 23.3(a), and has an initial term of not less ......
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Defining Larger Participants of the Automobile Financing Market and Defining Certain Automobile Leasing Activity as a Financial Product or Service
...expiration of the lease term.'' 12 CFR 23.2(e). \45\ For purposes of this definition, ``automobile'' would be defined as proposed in 12 CFR 1090.108(a). --------------------------------------------------------------------------- This proposed definition would ensure that such leases are sub......
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Supervisory Highlights: Fall 2016
...with applicable Federal consumer financial laws. --------------------------------------------------------------------------- \1\ 12 CFR 1090.108. --------------------------------------------------------------------------- 2.1.1 CMS During the period under review at one or more entities, exa......
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6 firm's commentaries
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CFPB Final Arbitration Rule Bans Class Action Waivers, But Will it Survive?
...of consumer credit covered by paragraph (a)(1)(i) of this section; Automobile Leases: Extending automobile leases as defined by 12 CFR 1090.108 or brokering such Debt Management/Settlement: Providing services to assist with debt management or debt settlement, modify the terms of any extensi......
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Time for a Tune-up: CFPB Finalizes Rule to Supervise Nonbank Auto Finance Companies and Issues Auto Finance Examination Procedures
...(June 2015), available at http://files.consumerfinance.gov/f/201506_cfpb_automobile-finance-examination-procedures.pdf. [3] 12 C.F.R. § 1090.108(a). [4] [5] See 12 C.F.R. § 1090.108(a)(i)(B); Consumer Fin. Protec. Bureau, Defining Larger Participantshref="http://www.klgates.com/time-for-a-t......
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CFPB Kills Class Action Waivers in Consumer Contracts and Makes Arbitration Public
...Acquiring, purchasing, or selling consumer credit Referring applicants to providers or consumer credit Automobile leases (as defined in 12 CFR 1090.108) Providing services with debt management or settlement Providing services to remove items from a credit report Credit reporting Providing a......
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Consumer financial services at a crossroads: Auto finance
...Continue To Rise, Nasdaq (Nov. 14, 2017), https://www.nasdaq.com/article/ny-fed-credit-card-delinquencies-continue-to-rise-cm877445. 2 12 CFR 1090.108. See also https://files.consumerfinance.gov/f/201506_cfpb_defining-larger-participants-of-the-automobile-financing-market-and-defining-certa......
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