US Consumer Watchdog Expands Probe Into Auto Financing

The Consumer Financial Protection Bureau expanded its probe into the car loan industry by issuing subpoenas to auto lenders over the sale of financial products such as extended warranties, the Wall Street Journal reported, citing people familiar with the investigation.

The consumer bureau is investigating whether terms and prices for auto loans, as well as additional products like extra insurance, are properly disclosed. The probe follows a similar investigation into deceptive marketing practices by credit card companies, the Journal said. More at: http://www.reuters.com/article/2013/05/03/us-autolenders-probe-idUSBRE94207H20130503

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