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Hannah Lutz
Automotive News
March 23, 2016 – 11:30 am ET
Westlake Financial Services and American Credit Acceptance will pay $7.4 million to Massachusetts car buyers after the state’s attorney general said the lenders charged consumers excessive interest rates on subprime loans.
The lenders last week agreed to eliminate interest rates on loans that Massachusetts Attorney General Maura Healey said have higher rates than permissible. The lenders will also…
Subprime lenders to pay Massachusetts car buyers $7.4M for rate overcharges
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