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Credit Acceptance Corp. Tricked Customers into High-Cost Used Car Loans, Feds Charge

Credit Acceptance Corp. Tricked Customers into High-Cost Used Car Loans, Feds Charge

The Consumer Financial Protection Bureau (CFPB) and the New York State Office of the Attorney General have sued auto lender Credit Acceptance Corporation for allegedly misrepresenting the cost of credit and tricking its customers into high-cost loans on used cars, charging that the car-buying experience turns into a nightmare for
News Desk Jan 5, 2023
MoneyLion Charged Military Members Excessive Interest, Feds Charge

MoneyLion Charged Military Members Excessive Interest, Feds Charge

The Consumer Financial Protection Bureau (CFPB) is suing MoneyLion Technologies, an online lender, and 38 of its subsidiaries, alleging that it imposed illegal and excessive charges on armed service members and their dependents. “MoneyLion targeted military families by illegally extracting fees and making it difficult to cancel monthly subscriptions,” said
News Desk Sep 29, 2022

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