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CFPB brings action against buy-here, pay-here dealer
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Consumer Protection, Nonbank Financial
Tuesday, January 26, 2016
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The Consumer Financial Protection Bureau filed a consent order against Herbies Auto Sales for alleged abusive financing schemes, hiding auto finance charges and misleading consumers. As a buy-here, pay-here auto dealer, Herbies falls under the bureau’s jurisdiction under Section 1029 of the Dodd-Frank Act.
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