F&I add-ons: Fed agency's target? Restricting aftermarket product sales could threaten dealership profits

摘要

Finance and insurance products such as extended-service contracts and other add-ons could be the Consumer Financial Protection Bureau's next target in the auto lending sector. "Apparently they are investigating a number of auto lenders, with questions and requests for information," said John L. Culhane Jr., a Philadelphia partner with Ballard Spahr, a law firm whose clients include auto lenders. Culhane declined to say if the firm had direct knowledge of bureau requests for information. The bureau refused to comment.