Shares of Meta rose in after-hours trading. The stock has been on a tear. Last year, Meta shares rose by to close the year at Thus far this year, the stock is up .RecommendedZuckerberg Weighs In on DeepSeek and AI SpendingCFPB Finds Servicemembers Pay More Than Civilians for Auto LoansAnthropic CEO Dario Amodei: DeepSeek’s Threat to AI Companies ‘Greatly Overstated’DC Channels Drive Levi Strauss in Q, With US Sales Up See More In: AI, AI agents, AI infrastructure, artificial intelligence, DeepSeek, Earnings, Featured News, GenAI, generative AI, large language models, LLAMA, Llama , LLMs, mark zuckerberg, Meta, Meta AI, News, open source AI, PYMNTS NewsCFPB Finds Servicemembers Pay More Than Civilians for Auto LoansBy PYMNTS | January , | The Consumer Financial Protection Bureau CFPB said Wednesday Jan.
that it will continue to protect servicemembers’ financial interests jordan mobile database after finding that servicemembers pay more than civilian borrowers when taking out credit to buy a car.Because servicemembers are often required to have a personal vehicle for transportation in order to fulfill their military obligations, and because they may be young men and women far away from family supports, they may be especially vulnerable to overreaching lending practices and have fewer resources to draw upon, the regulator wrote in a Wednesday press release.
The CFPB found in a report released Wednesday that servicemembers borrow more while putting down less. They borrow , more than civilians for new vehicles and more for used vehicles, and put down , less in down payments on new vehicles, according to the release.The regulator also found that servicemembers pay higher rates over longer terms. Compared to civilians, they face average annual percentage rates that are percent points higher and loan terms that are longer, resulting in servicemembers having monthly payments that are higher and amount to , more over the life of the loan.
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