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Vehicle lending complaints increase 44% YoY

Managing loan or lease complaints increased 65% YoY

Riley Wolfbauer

Problems with billing, interest rates and vehicle repossessions contributed to a 44% year-over-year increase in auto loan and lease complaints filed with the Consumer Financial Protection Bureau.  Consumers filed 1,681 complaints with the CFPB related to vehicle loans or leases between Jan. 1, 2023 and March 31, 2023, representing an 18.3% increase quarter over quarter and […]

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