The Consumer Financial Protection Bureau (CFPB) released a report showing that U.S. servicemembers pay higher costs and face greater financial risks than civilian borrowers when taking out auto loans. The analysis of over 20 million loans from 2018 to 2022 found that military borrowers take larger loans, face higher interest rates, and are more likely to take on costly add-on products.
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Media Coverage · April 18, 2026
CFPB Finds Servicemembers Pay More in Auto Lending Market Military borrowers face larger loans, higher interest rates, and more costly add-on products WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) published a report showing that United States servicemembers pay higher costs and face greater financial risks than civilian borrowers when taking out credit to buy a car. The report analyzes
newspaper Read articleCFPB Finds Servicemembers Pay More in Auto Lending Market Military borrowers face larger loans, higher interest rates, and more costly add-on products WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) published a report showing that United States servicemembers pay higher costs and face greater financial risks than civilian borrowers when taking out credit to buy a car. The report analyzes more than 20 million auto loans originated between 2018 and 2022, and finds that se
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CFPB Finds Servicemembers Pay More in Auto Lending Market Military borrowers face larger loans, higher interest rates, and more costly add-on products WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) published a report showing that United States servicemembers pay higher costs and face greater financial risks than civilian borrowers when taking out credit to buy a car. The report analyzes more than 20 million auto loans originated between 2018 and 2022, and finds that servicemembers typically have larger loans, make smaller down payments, and ultimately shoulder higher monthly costs. While servicemembers pay nearly the same for both new and used vehicles as civilian buyers do, servicemembers on average pay more in interest and fees than civilian borrowers do, and
CFPB Finds Servicemembers Pay More in Auto Lending Market Military borrowers face larger loans, higher interest rates, and more costly add-on products WASHINGTON, D.C. – Today, the Consumer Financial Protection …
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