Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 3214 auto loans During 2015, Goodwin tracked over 20 federal and state enforcement actions related to auto loans, the third largest source of household debt according to the CFPB. Goodwin also covered the CFPB’s move to expand oversight of the nonbank auto finance industry, and focus on subprime auto lending, as well as the growing controversy over the CFPB’s methodology for identifying discriminatory auto lending. The 2015 enforcement actions targeted banks, direct and indirect auto lenders, auto dealers, and automobile title loan and debt collection companies, focusing primarily on allegedly deceptive advertising and discriminatory lending. Most of the enforcement activity involved consent orders and settlements, although new investigations and litigation were initiated in 2015 that could be resolved this year. Federal and state enforcement agencies secured consent judgments and settlements totaling over $110 million, ranging from under $50,000 for the smallest recovery to nearly $50 million for the largest. The DOJ was the most active agency, followed by state attorneys general and the FTC. In initiating these actions, enforcement agencies primarily relied on the Equal Credit Opportunity Act (ECOA), the FTCA, and state consumer protection laws.