CFPB and New York Attorney General Sue Credit Acceptance for Hiding Auto Loan Costs, Setting Borrowers Up to Fail

Ethel Walsh

WASHINGTON, D.C. – Right now, the Shopper Money Safety Bureau (CFPB) and the New York Condition Business of the Attorney Typical sued a predatory automobile loan provider, Credit score Acceptance Corporation, for misrepresenting the charge of credit score and tricking its prospects into significant-price tag financial loans on applied automobiles. […]

Auto Loan Debt Reaches New Highs

Ethel Walsh

The 3rd quarter of 2022 brought a ongoing exploration of the “new normal” next the pandemic, anxiety of the looming economic downturn and an improve in household credit card debt. Most notably, vehicle mortgage credit card debt strike $1.52 billion, which tends to make up for more than 9 per […]