States Can Cause Accidents, Too

At last year's NABD conference, dealers were in the best mood they had been about regulation for years as it was apparent the Trump administration would reign in the CFPB. I said at the time they were dancing around like the Munchkins after Dorothy dropped her house on the Wicked Witch of the East. But I said they better watch out for the Wicked Witch of the West - local regulators. Now today's WSJ has an article about how states like Pennsylvania are creating their own CFPBs. So, yes, overall dealers are better off than they were two years ago. But if you live in one of those states, you're not out of the woods.

Last modified on Friday, 06 April 2018 15:09