Credit Acceptance and National Trade Associations Challenge the CFPB and NY AG’s Attempt to Disregard TILA and Regulate the Indirect Auto Finance Industry Through Litigation
Troutman Sanders
APRIL 5, 2023
2) The complaint does not allege a single instance where a dealer charged a consumer a higher “cash price” on a financed sale because the consumer financed the purchase, as is required to state a claim related to “hidden finance charges.” We look forward to further developments in this case.
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