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:


  1. Reductions of interest rate under the Servicemembers Civil Relief Act;
  2. Permission from lenders to take vehicles overseas; and
  3. Special military interest rates or discounts.