State Employees' Credit Union teams up with the Center for Responsible Lending to help members avoid expensive car dealer add-ons.
State Employees' Credit Union and the Center for Responsible Lending will educate members on avoiding auto dealer add-ons and overpriced financing.
Center for Responsible Lending finds Hispanic and black car buyers receive higher interest rates on loans financed through dealerships.
Despite attempts to negotiate at dealerships, Hispanic and black car buyers pay higher rates according to CRL report.
While it would seem like credit card compliance issues are in the rearview mirror, now is the perfect time for credit unions to review their procedures to ensure they remain compliant.
Making good on its word to track concerns such as questionable interest rates and discrimination, the Consumer Financial Protection Bureau recently sent a stern message that it is monitoring auto lenders’ activities.
Bank says it intends to exit installment auto loan program.
U.S. Bank, Dealers’ Financial Services charged with deceptive sale, marketing practices.
It’s been nearly two months since Paul Sheahan was hired to oversee the business lending department at Anheuser-Busch Employees’ Credit Union and its division, American Eagle Credit Union.
Action covers four years of telemarketing add-on products.