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What Wells Fargo’s CPI settlement means for powersports lenders

Lenders should pay attention to how they charge consumers collateral protection insurance (CPI) in the wake of Wells Fargo's agreement to shell out $394 million to resolve claims that it unlawfully placed coverage on auto loans, David Gemperle, partner at Nisen & Elliot, told Powersports Finance. Consumers claimed that the bank deceptively put CPI policies […]

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Matthew Wood

Matt Wood is the Associate Editor of PowerSports Finance, where he is responsible for covering all the latest news, trends, and innovations with powersports lenders and dealerships. Previously, Matt was a writer for Auto Finance News before switching full-time to PowerSports Finance. He is also an experienced entertainment news writer covering pop culture, movies, and TV shows. Matt received his Bachelor’s degree in Communication from Rowan University in New Jersey.

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