Annual consumer-price inflation stayed at a 40-year high, according to the Labor Department, and the prices of new cars and trucks saw the fastest increase on record.
Consumer and Financial Protection Bureau Director Rohit Chopra said that he and his staff “pore over” inflation data to understand how rising prices will impact the consumer financial industry, the regulator oversees during an interview with the Washington Post Thursday.
“Looking at auto lending, making sure that people can shop around, refinance and navigate a competitive market is very key when thinking about the total cost of ownership over a car,” he added.
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