Subprime Auto Loan Class Action Investigation
McCune Wright Arevalo, LLP is investigating a class action on behalf of individuals who received a subprime auto loan. Subprime auto loans generally have higher interest rates, some at 20 percent or higher. These loans also typically have hidden costs and additional fees. Federal authorities have started to investigate subprime lenders, including General Motors. Federal authorities recently reached an agreement with Ally Financial to pay $98 million over accusations that it increased the cost of auto loans for minority borrowers. If you or someone you know received a subprime auto loan, please contact us.