A group of state attorneys general, led by California’s Xavier Becerra, urged automakers Wednesday to curb “unlawful and predatory” practices regarding the timely return of off-lease vehicles to franchised dealerships during the COVID-19 pandemic. In a letter distributed Wednesday — which includes signatures from attorneys general in Connecticut, Iowa, Minnesota, …
Read More »Unemployment, COVID-19 cases tied to states’ drop in auto-loan credit inquiries
The falling number of credit inquiries for auto loans, in the middle of a pandemic, should not shock anyone. After all, with many states under stay-at-home orders during March and people experiencing uncertain economic times, the Consumer Financial Protection Bureau’s Consumer Credit Panel’s look at how the coronavirus affected that …
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