The Consumer Financial Protection Bureau (CFPB) is seeking public comments on a new survey titled "Auto Loan Survey." This survey aims to gather information on consumers' experiences with auto loans, including vehicle selection, loan financing, major vehicle expenses, and loan issues. The survey will collect data from about 23,000 participants to provide insights into consumer behavior and improve understanding of the auto financing market. Comments can be submitted by various methods, including the Federal eRulemaking Portal and email, until March 18, 2025.
Simple Explanation
The Consumer Financial Protection Bureau (CFPB) wants to hear what people think about a new survey they're planning to learn more about car loans and how people pay for their cars. They plan to ask a lot of people questions to understand better, but they haven't clearly explained everything about how they'll do it or why they need so many people to take part.