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CFPB Expands Auto Education to Servicemembers
On Thursday, June 16, 2016, the CFPB posted on its blog an advisory titled: “Arm yourself with knowledge when shopping for an auto loan.” In addition to the agency’s new auto education tool, the Office of Servicemembers noted servicemembers should especially be familiar with:
- Reductions of interest rate under the Servicemembers Civil Relief Act;
- Permission from lenders to take vehicles overseas; and
- Special military interest rates or discounts.