The CFPB continues to produce best laws of the highway

The CFPB continues to produce best laws of the highway

From inside the 2013, the new CFPB submitted a good $98 billion buy facing Friend Lender to have overcharging 235,000 car loan borrowers regarding color more than a beneficial three-seasons period. thirty five They took comparable measures against the money palms out-of Honda 36 for the 2015 and Toyota 37 in the 2016 to own recharging large rates of interest to help you African american, Latino, and you will Western Western and you will Pacific Islander consumers despite its borrowing from the bank score, elevating $46 mil during the restitution to users together with demanding businesses adjust their lending strategies. Continue reading The CFPB continues to produce best laws of the highway