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WASHINGTON–The CFPB said it has settled with Lobel Financial Corp., an auto-loan servicer, based in Anaheim, Calif., the Bureau had alleged engaged in unfair practices with respect to its Loss Damage Waiver (LDW) product in violation of the Consumer Financial Protection Act (CFPA). 

FARMINGTON, N.M.—Two New Mexico credit unions have announced plans to merge. The $149-million Animas CU said it will merge into the $2.9-billion Sandia Laboratory FCU, with plans to complete the combination by March 2021.