Lawsuit Investigation: Credit Union Auto Loan Fraud

June 11, 2019

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At A Glance

This Alert Affects:
Anyone who bought a car from a dealership within the last four years and had their vehicle financed through the credit union “preferred” or “recommended” by the dealer.
What’s Going On?
Attorneys believe that many people who signed up for an auto loan with a dealership’s “preferred lender” credit union may have been charged a marked-up interest rate in what appears to be a common scheme. They’re investigating whether class action lawsuits should be filed.
How Can a Lawsuit Help?
A class action lawsuit could help auto loan borrowers recover the difference between the dealership’s marked-up interest rate and the lower rate they would have received had they gone to the credit union directly.
What Can I Do?
If you took out an auto loan with a credit union recommended by the dealership, fill out the form on this page. You may be able to help get a class action lawsuit started and hold these companies accountable for their actions.
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