CFPB · Advance Notice of Proposed Rulemaking FR Doc. 2025-15089 · Published

CFPB ANPR on Raising the Larger Participant Threshold for the Automobile Financing Market

The CFPB seeks public comment on whether to raise the test for nonbank larger participants in the automobile financing market from 10,000 aggregate annual originations, and it gives three example thresholds (300,000, 550,000 and 1,050,000). It imposes no new requirements, and comments are due September 22, 2025.

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Loan impact

From the rulemaking text · verified

Applies to: Nonbank automobile finance companies that may qualify as larger participants; the document does not affect residential mortgage loans.

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What to do

AWACS interpretation · not source language

What to review: This is an informational request for public comment with no mandatory changes: a lender may review the proposed larger participant thresholds if it is a nonbank automobile finance company that could qualify, and the notice does not affect residential mortgage loans.

Source and record

Version 1 · archived

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