Finance Insurance

Appeals court affirms bundling GAP coverage exempts lenders from Military Lending Act

Gavel

Gail Kachadourian Howe

April 14, 2023 03:52 PM

The U.S. Court of Appeals for the 4th Circuit on Wednesday affirmed a lower court's decision that bundling Guaranteed Asset Protection coverage does not make an auto loan subject to the Military Lending Act, or MLA.

Featured Stories

GM, Honda lead February EV gain with fresh U.S. models as Tesla, Rivian slip

GM, Honda lead February EV gain with fresh U.S. models as Tesla, Rivian slip

EVs help Cadillac shed its old-fashioned image

EVs help Cadillac shed its old-fashioned image

Trade war turns Nissan’s liability — underutilized U.S. factories — into asset

Trade war turns Nissan’s liability — underutilized U.S. factories — into asset

Outgoing Lincoln chief: Luxury brand’s future focused on wellness

Latest News

Daily 5 report for April 17: Is Cadillac ready to break through with younger, affluent buyers? It’s been a long time

10 supplier-created innovations that helped build the auto industry

Ex-Stellantis CEO Carlos Tavares turns attention to airline, wine making businesses

GM, Honda lead February EV gain with fresh U.S. models as Tesla, Rivian slip

Staying current is easy with newsletters delivered straight to your inbox.

See More in Finance Insurance

Ally Q1 earnings: Net income plummets to a $225 million loss

F&I tips: Managers should try out their presentation at the sales desk

Many Americans planning to buy a car think prices will go up, survey shows

Bernie Moreno bill would allow tax deductions for auto loan interest

Staying current is easy with newsletters delivered straight to your inbox.