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Toyota Ordered to Pay $60 Million for Misleading on Auto Loans

(Bloomberg) The lending arm of Toyota Motor Corp. will pay $60 million to settle allegations by a US regulator that it misled customers into buying extra products that boosted their payments and then gave them a runaround when they tried to cancel.Most Read from BloombergThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAINearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringMicrosoft Ends Wee ....

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Paying $1,000 a month or more for auto loan payments is becoming more common

As of April 2023, there are nearly three times as many consumers paying $1,000 or more for their car or truck than in 2019. Experian unpacks the reasons why. ....

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