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Home » Dismissed MLA case against United Auto Credit provides brief respite for auto lenders

Dismissed MLA case against United Auto Credit provides brief respite for auto lenders

Any appeal is due to the court by June 18

Joey PizzolatobyJoey Pizzolato
June 15, 2021
in Compliance
Reading Time: 3 mins read
0
Dismissed MLA case against United Auto Credit provides brief respite for auto lenders

Photographer: Jay Paul/Bloomberg News

A recently dismissed case in the Eastern District Court of Virginia against subprime lender United Auto Credit has provided a brief respite to the auto finance industry even as there is a movement to try to incorporate federal Military Lending Act (MLA) guidance to auto loans. Under current regulations, retail installment contracts and auto loans […]

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Tags: Military Lending ActPremiumUnited Auto Credit
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