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Massachusetts AG probe signals heightened scrutiny of subprime sector

Marcie Belles by Marcie Belles
September 24, 2020
in Compliance & Regulation, Under The Hood
Reading Time: 3 mins read
0

Increasing vehicle prices have long spurred car buyers to hunt for affordable monthly payments, but now that ability to repay loans is catching the eye of regulators. The Massachusetts Attorney General’s Office has been actively scrutinizing lenders to determine whether originations take into account consumers’ capacity to repay. It settled lawsuits with Exeter Finance and […]

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Tags: ByriderCredit Acceptance Corp.Exeter FinancePremiumSantander Consumer USAUnder the Hood
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