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Lawmaker probes wrongful repos (Under the Hood) 

Sen. Warren sent letters to auto lenders, retailers 

Marcie Belles

Sen. Elizabeth Warren is reviving scrutiny of lenders’ repossession protocols on the heels of rising repo rates.  The Massachusetts Democrat — who serves as the ranking member of the Senate Banking, Housing and Urban Affairs Committee — sent letters on Feb. 4 to lenders Ally Financial, America’s Car-Mart, Byrider, Capital One, CarHop, Chase Auto, DriveTime, GM Financial and Toyota Financial Services, along with trade groups American Financial Services Association, American Recovery Association and National Independent […]

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