A bipartisan group of 22 members of the U.S. Senate wrote CFPB Director Richard Cordray late last month to raise concerns about the bureau’s guidance affecting the indirect auto financing market and auto dealers’ ability to negotiate retail margins with consumers. Back in March, CFPB Bulletin 2013-02 instructed bank and nonbank indirect auto lenders about complying with federal fair-lending requirements when it comes to auto dealers “marking up” the lender’s risk-based buy rate and receiving compensation based on the...