New York Department of Financial Services settles enforcement action with community bank over auto dealer fair lending allegations
CFPB Monitor
OCTOBER 25, 2022
As a participant in the indirect auto finance market, Rhinebeck provides auto financing through auto dealers and has no direct interaction with consumers during the financing application process. This DFS action is a reminder that states continue to take action under state fair lending laws. L. ยงยง 296-a(1)(b) and (3).
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