CFPB Report Finds Lenders Cramming Markup Fees and Confusing Terms into Solar Energy Loans
August 07, 2024
August 07, 2024
WASHINGTON, Aug. 7 -- The Consumer Financial Protection Bureau issued the following news release:
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 by 30% or more above the 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 by 30% or more above the c . . .