11/15/2013

The Consumer Financial Protection Bureau has identified "significant differences" in the interest rates that various demographics pay on their car loans, says Patrice Ficklin, the CFPB's assistant director for fair lending, and the agency has initiated several joint investigations with the Department of Justice that target auto lenders. "What we've already seen amounts to tens of millions of dollars in overpayment, and the total could be much greater than that," Ficklin said Wednesday.

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