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TransUnion study finds borrowers used auto loan deferments as a safety net during the COVID-19 crisis.
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In its recent Supervisory Highlights report, the CFPB accused ‘one or more’ auto finance sources of being deceptive in their advertisements of GAP and in the way they disclose payment deferral terms.
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Ally Financial is working with East Coast customers affected by the storm, allowing them to defer payments for 90 days.
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