Members of the House Financial Service Committee are continuing to give the CFPB a hard time over its recent auto fair-lending guidance, which quickly got the industry up in arms. Most recently, in a Nov. 15 letter to CFPB Director Richard Cordray, Rep. Blaine Luetkemeyer, R-MO, challenged the CFPB for failing to study how a shift to flat-fee compensation for dealers could influence the cost of credit to borrowers, especially low‐ and moderate‐income borrowers. “It is imperative that the bureau take the opportunity to conduct an...