AFFIL Signs on to Letter Opposing Auto-dealer Exemptions
AFFIL recently joined other national advocacy groups in a letter opposing auto-dealer exemptions within the new Consumer Financial Protection Agency. You can read the letter here (pdf).
As the letter explains, we stand with our colleagues who believe that auto financing should be regulated by the proposed Consumer Financial Protection Agency. Like other non-bank loan products, auto loans and contracts can easily be manipulated to abuse consumers, who we feel have the right to know that they’re getting a fair deal, on and off the car lot.
(Photo: Elmo Alves)