Friday, September 30, 2011

CFPB Said What

If you have not checked out Tom Brown's commentary on the Consumer Financial Protection Bureau (CFPB) and auto financing for service members, I believe you should.

According to the post, "the CFPB thinks it’s a problem that service members can’t take their financed vehicles with them when they get deployed overseas."

I think most, if not all, lenders would think this is not a good idea.

Banks and credit unions that serve the armed forces need to pay close attention to this development.

Read Tom Brown's Commentary.
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