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Home » CFPB Orders Toyota to Pay $60 Million Over Lending Practices — Update
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CFPB Orders Toyota to Pay $60 Million Over Lending Practices — Update

News RoomBy News RoomNovember 21, 20230 Views0
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By Dean Seal

Federal regulators have ordered Toyota Motor’s auto-lending arm to pay $60 million in fines and consumer redress for allegedly preventing borrowers from canceling product bundles that raised their monthly loan payments.

The U.S. Consumer Financial Protection Bureau said Monday that Toyota Motor Credit Corp. violated federal law…

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