U.S. Bank, partner to refund $6.5 mln over auto lending

Newswire

WASHINGTON, June 27 (Reuters) - The U.S. Consumer Financial Protection Bureau on Thursday said it ordered U.S. Bancorp's U.S. Bank and a nonbank partner company to refund about $6.5 million to U.S. military personnel over auto lending practices regulators said were deceptive. U.S. Bank and Dealers' Financial Services of Lexington, Kentucky, failed to properly disclose all of the fees charged to participants in an auto loan program for active-duty military, the CFPB said. ...

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