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The Boston Globe

Business

2 auto lenders must repay fees to military members

WASHINGTON — US Bancorp and a partner company will repay about $6.5 million to resolve Consumer Financial Protection Bureau claims that they misled military-service members who participated in an auto lending program.

The two companies ‘‘failed to properly disclose costs associated with repaying auto loans’’ made to service members under US Bancorp’s Military Installment Loans and Educational Services program, bureau director Richard Cordray said Thursday.

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