Skip to main content

Search form

Advocates Urge Auto Repair Chains, Including AAMCO, Meineke, and Midas, To Stop Offering Predatory Loans

May 18, 2022
Auto Loans
Policy & Legislation

A coalition of consumer advocacy groups sent letters to major national auto repair chains AAMCO and Precision Tune Auto Care (Icahn Enterprises), Big O Tires and Midas (TBC Corporation), Grease Monkey (FullSpeed Automotive), JiffyLube, and Meineke (Driven Brands) urging their stores and franchisees to stop offering financing through EasyPay Finance and Utah-based TAB Bank, which issue loans at rates up to 189%, even in states where that rate is illegal.