Consumer Bureau Orders Refunds for Troops After Faulty Car Loans

By Karen Parrish

American Forces Press Service

WASHINGTON, June 27, 2013 – About 50,000 service members will get refunds averaging $100 — though some will be far higher — after an enforcement action involving auto loans that Consumer Financial Protection Bureau officials announced today.

The bureau is ordering U.S. Bank and one of its nonbank partners, Dealers Financial Services, to return about $6.5 million to service members across the country, CFPB Director Richard Cordray told reporters during a conference call today.

This post was imported from a legacy archive. Please excuse any formatting inconsistencies.

Leave a Reply

Your email address will not be published. Required fields are marked *