The Consumer Financial Protection Bureau proposed a new rule that would allow it to oversee companies that finance car loans and leases. The new rule is designed to address dealer mark-ups – bumps in interest rates that dealers may impose on buyers when dealers arrange the financing. Consumers do not always realize the rate they're quoted may include a mark-up, essentially a commission, to the dealer.

According to Scot Hall, Executive VP of Swapalease.com:

“Part of the issue concerning the CFPB’s decision here is to help level the playing field for consumers shopping for a car loan. What’s different through the online lease transfer process is that car shoppers are not looking to qualify for a particular rate. The
 bank reviews their credit history to determine if they have the credentials to take over the lease. Dealer mark-ups are not a part of the process through the online transfer marketplace.”

According to Swapalease.com, banks have been approving roughly 70% of all car lease applicants so far in 2014, a figure that is considered healthy compared to historical marketplace standards.

Per Cleveland.com: Last December, the CFPB announced that Ally Financial and Ally Bank would pay $98 million to settle charges that dealer markups had unfairly fallen on minority buyers, adding an extra $200 to $300 to the price of their cars.

Also per Cleveland.com: People owe more on car loans than any other household debt, except for mortgages and student loans. The CFPB said Americans collectively owed $900 billion on cars and there were 87.4 million car loans as 2014 began. On top of that, about a quarter of Americans lease cars.