Weekly Wrap discussion on credit, fees
Regulators continue to home in on fees related to auto lending. Florida Attorney General Ashley Moody’s office is investigating several dealerships and lenders following consumer complaints regarding fees associated with lease end buyouts.
Auto credit availability continued to improve in October while regulation scrutiny ramped up. Regulators continue to home in on fees related to auto lending. Florida Attorney General Ashley Moody’s office is investigating several dealerships and lenders following consumer complaints regarding fees associated with lease end buyouts.