Is The CFPB's Indirect Auto Initiative Over?

It appears that the Consumer Financial Protection Bureau's (CFPB) controversial indirect auto initiative may be over. Before the holidays, the CFPB issued a blog post setting forth its fair lending priorities for 2017. It identified those priorities as Redlining, Mortgage and Student Loan Servicing, and Small Business Lending. Not only was indirect auto lending not listed, but the CFPB appeared to go out of its way to indicate it was moving away from this issue. The blog post noted that because the CFPB oversees so many products and lenders, it occasionally needs to re-prioritize its work. As an example of such re-prioritization, the CFPB noted that the agency has "examined over a dozen of the nation's largest auto lenders and achieved important market awareness and movement." Although the blog post doesn't say it, what it's referring to is the indirect auto initiative, in which the CFPB examined whether loans funded by indirect auto lenders but made by dealers resulted