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GM Financial to Pay Massachusetts $1.8M Over Alleged Delays in GAP Insurance Refunds

March 9, 2022

GM Financial, an automobile financing company, has agreed to pay more than $1.8 million to resolve allegations that the company’s business practices violated Massachusetts state consumer protection laws.

Attorney General Maura Healey’s office alleged that Americredit Financial Services, Inc., d/b/a GM Financial, failed to pay legally-required interest after delays in providing refunds of Guaranteed Asset Protection (GAP) enrollment fees.

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