Archives for 

Auto Finance

Add-On Products Continue To Present Litigation Risks For Lenders

Add-On Products  •  Auto Finance  •  CFPB  •  Credit Cards  •  FDIC  •  FTC  •  Litigation  •  OCC  •  State AGs
The Consumer Financial Protection Bureau’s recent action against two credit card vendors regarding credit monitoring and identity theft protection services is a reminder of the legal risks associated with certain add-on products. The July 1 […]

View More

FTC Settles with Auto Lender over Improper Servicing, Collection, and Quality Control Practices

Auto Finance  •  Consumer Reporting  •  Debt Collection  •  FCRA  •  FTC
The Federal Trade Commission (FTC) recently announced a $5.5 million monetary and injunctive settlement with auto lender Consumer Portfolio Services, Inc. (CPS) concerning allegations that the company used illegal tactics in servicing and collecting consumers’ […]

View More