The Consumer Financial Protection Bureau on Monday fined a large auto title lender $9 million for failing to disclose the terms and costs of its title loans in three states and for illegally exposing consumers' information to their employers.

The CFPB took action against TMX Finance, the Savannah, Ga., parent company of TitleMax and TitleBucks, for luring consumers in Alabama, Georgia and Tennessee into renewing loans without disclosing terms and costs over a five-year period beginning in mid-2011. The company sells auto title and personal loans through 1,300 stores in 18 states.

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