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The coronavirus pandemic of 2021 and 2021 may be forever remembered for the mask wearing, but what you and credit unions should be be paying attention to is everything the pandemic has unmasked.

WASHINGTON—The Consumer Financial Protection Bureau issued a consent order against 3rd Generation, Inc., doing business as California Auto Finance, for illegally charging interest for late payment on its Loss Damage Waiver (LDW) product without its customers’ knowledge.

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BOSTON – Noting a high-cost predatory loan is only made worse when the loan is larger and longer, residents in some states have been gaining protections while others are paying even more than before the COVID-19 crisis, according to a new report from the National Consumer Law Center.