DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
WASHINGTON - 1 Rohit Chopra - 1 Chopra - 1 Vincent Bray - 1
Top related locs:
The U.S U.S
Top related orgs:
Toyota Financial Services - 2 CNBC - 2 Toyota - 1 Financial - 1 Toyota Motor Credit Corp - 1 Consumer Financial - 1 Bureau - 1 U.S - 1

Search resuls for: "Toyota Financial Services"


4 mentions found


☆ Toyota financing arm fined $60 million by consumer watchdog for car loan scam
  + stars: | 2023-11-20 | by ( Chelsey Cox | ) www.cnbc.com   time to read: +1 min
WASHINGTON — The U.S. financing arm for Toyota was fined $60 million Monday by a federal consumer regulator for preventing car buyers from canceling add-ons to their loans. "Toyota's lending arm illegally withheld refunds, made borrowers run through obstacle courses to cancel unwanted services, and tarnished their credit reports," said Consumer Financial Protection Bureau Director Rohit Chopra. Toyota Motor Credit Corp., or TMCC, violated the Consumer Financial Protection Act by preventing customers from canceling loan add-ons that cost on average between $700 and $2,500 per loan, according to a consent order. TMCC is ordered to pay $48 million in consumer redress and a $12 million civil money penalty to the CFPB's victims relief fund. "Given the growing burdens of auto loan payments on Americans, we will continue to pursue large auto lenders that cheat their customers," Chopra said.
Persons: WASHINGTON, Rohit Chopra, Chopra, Vincent Bray Organizations: Toyota, Financial, Toyota Motor Credit Corp, Consumer Financial, Bureau, Toyota Financial Services, CNBC Locations: The U.S
☆ U.S. car loans total $1.5 trillion. Why consumers are struggling
  + stars: | 2023-08-11 | by ( Emily Lorsch | Alex Wood | Jason Reginato | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. car loans total $1.5 trillion. Why consumers are strugglingCar loan debt in the U.S. is at a record high of $1.56 trillion. Between the Covid-19 pandemic, supply chain issues, alleged predatory lending practices, inflation, and the Federal Reserve's interest rate hikes, getting an auto loan has gotten more stressful, difficult and expensive. CNBC spoke with Chase Auto and Toyota Financial Services. Here's what they say is happening in the auto loan industry and what consumers can do to ensure they're protected.
Organizations: U.S, CNBC, Chase Auto, Toyota Financial Services Locations: U.S
☆ BBVA Mexico grants $225 mln green loan to fund Toyota hybrid vehicles
  + stars: | 2022-09-22 | by ( ) www.reuters.com   time to read: 1 min
The logo of BBVA Bancomer bank is pictured at a branch in Ciudad Juarez, Mexico September 13, 2018. REUTERS/Jose Luis GonzalezRegister now for FREE unlimited access to Reuters.com RegisterMEXICO CITY, Sept 22 (Reuters) - BBVA Mexico has issued a 4.5 billion pesos ($225 million) green loan to Toyota Financial Services Mexico to finance hybrid vehicles, according to a statement published by the bank on Thursday. The loan will allow the Toyota division to finance around 8,600 hybrid cars, the statement said. (This story refiles to correct spelling of Toyota in headline)($1= 19.9455 Mexican pesos)Register now for FREE unlimited access to Reuters.com RegisterReporting by Valentine HilaireOur Standards: The Thomson Reuters Trust Principles.
☆ These apps are trying to put car dealers out of business
  + stars: | 2021-07-15 | by ( Nell Lewis | Cnn Business | ) edition.cnn.com   time to read: +4 min
London (CNN Business) City dwellers are used to switching between apps to decide the best way to get from A to B. "Whim's sole purpose is to compete against car ownership," CEO Sampo Hietanen tells CNN Business. If Whim can persuade users to trade their car keys for a single app offering multiple transport options, the environmental impact could be enormous, says Hietanen. The ticket also offers car rental from €55 ($65) per day. According to Whim, public transport and micromobility are the most popular ways to travel using the app.
0 next >>
Total: 4