The consumer s loan interest rate is accurately disclosed in accordance with the Truth in Lending Act. The law does not require disclosure of an assignee bank s profit margin. Creditors are not required to disclose either their wholesale or retail margins. There is no requirement for any creditor to disclose its markup. Financing is offered in a highly competitive marketplace.
Consumers can shop around for rates at a wide variety of sources.
It is similar to buying advertising in the New York Times. The markup is never disclosed. Customers are satisfied with the finance services provided by auto dealers.