Finance Insurance

When CFPB, dealers meet, sparks fly

When a dealer at the minority dealers' conference said: “All dealers do not discriminate,” the Justice Department's Steve Rosenbaum responded, “We agree.” CFPB's Patrice Ficklin said, “I hope not.”
July 20, 2015 05:00 AM
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“Is it fair for you to get to us through the lenders?” -- Dealer Bill Perkins

“Would it be fair for me to turn my head from the discriminatory outcomes of lenders' policies?” -- CFPB's Patrice Ficklin

“We're all being painted with the same brush because of the policies and procedures you all are putting into place.” -- Dealer Perkins

“It's hard for me to see increased fair-lending compliance for lenders as a bad thing.” -- CFPB's Ficklin

MIAMI BEACH, Fla. -- "Is it fair for you to get to us through the lenders?"

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