COLORADO SPRINGS, Colo.-With the CFPB zeroing in on buy-rate financing, the agency's next target may be auto dealer insurance add-ons-and that could significantly hike the indirect loan price consumers see, cautions one CU exec.

Bill Vogeney, EVP/CLO at the $3.8 billion Ent FCU, told Credit Union Journal that analysts are saying the CFPB may have questioned some big banks about dealer-sold insurance practices. "The CFPB cannot regulate the auto dealers, but to address this matter it can regulate banks and make rules that impact credit unions. There have been rumblings, too, over the last couple years, that the CFPB is looking at including credit life and debt cancellation into the loan APR."

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