State AGs ratchet up pursuit of GAP refunds

Lenders ordered to issue refunds for unused portions of GAP insurance

© Can Stock Photo / welcomia

Though some lawmakers are still drafting legislation related to guaranteed auto protection (GAP) policies, financiers are already starting to feel the sting of increased scrutiny. In recent weeks, four lenders have been ordered to provide refunds to 24,000 consumers for unused portions of their GAP coverage. Earlier this month, GM Financial (GMF) settled for $1.8 […]

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