Tuesday
Oct202009
Auto Lenders Are Using Shady Tactics On Consumers, Says Expert
Rosemary Shahan, President of Consumers for Auto Reliability and Safety, says auto-lenders often perform a "bait and switch" and increase interest rates on auto loans after a consumer has purchased a car. She says that this is why auto-lending ought to be included in the jurisdiction of the Consumer Financial Protection Agency. (0:19)
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