Vehicle lending complaints climb 8% YoY
Complaints tied to loans, leases jumped 53% from 2019
The volume of consumer complaints tied to auto loans increased 7.5% year over year in 2022, driven by billing and fee issues, titling challenges and fraud. Consumers submitted 8,408 complaints related to a vehicle loan or lease with the Consumer Financial Protection Bureau (CFPB) from Jan. 1 to Dec. 31, 2022, representing a 53.2% jump […]
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