CFPB Report Finds Lenders Cramming Markup Fees and Confusing Terms into Solar Energy Loans

News Consumer protection English Reports

Date: 7th Aug, 2024 Source: Consumer Financial Protection Bureau Country: USA Original Source

Brief

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued an issue spotlight finding that some residential solar lenders are misleading homeowners about the terms and costs of their loans, misrepresenting the energy savings they will deliver, and cramming markup fees into borrowers’ loan balances. The report describes how fees often increase loan costs

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CFPB Report Finds Lenders Cramming Markup Fees and Confusing Terms into Solar Energy Loans

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CFPB Report Finds Lenders Cramming Markup Fees and Confusing Terms into Solar Energy Loans

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Consumer Financial Protection Bureau

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