CFPB Finds Servicemembers Pay More in Auto Lending Market
The CFPB published a report showing that U.S. servicemembers pay higher costs and face greater financial risks when taking out credit to buy a car.
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CFPB Finds More Vehicles Eligible for Repossession Than Pre-Pandemic
The CFPB published a report showing that the rate of auto repossessions at the end of 2022 surpassed pre-pandemic levels.
CFPB Orders Honda’s Auto Financing Arm to Pay $12.8 Million for COVID-19 and Other Credit Reporting Failures
The CFPB ordered the American Honda Finance Corporation to pay $12.8 million for reporting inaccurate information that affected the credit reports of 300,000 people.
CFPB Takes Action Against Wrongful Auto Repossessions and Loan Servicing Breakdowns
The CFPB published a new edition of Supervisory Highlights describing the agency’s supervisory findings related to illegal practices in auto finance, including lenders repossessing consumers’ cars after the borrower made timely payments or received loan extensions.
CFPB tomó acciones contra el Fifth Third Bank | CFPB
CFPB tomó acciones contra el infractor reincidente Fifth Third Bank obligándole a pagar millones en multas y reparaciones a los consumidores afectados.
CFPB Takes Action Against Fifth Third for Wrongfully Triggering Auto Repossessions and Opening Fake Bank Accounts
The CFPB took action against repeat offender Fifth Third Bank for a range of illegal activities that would result in the bank paying millions in penalties as well as paying redress to harmed consumers.
CFPB Exams Find Loan Servicing Failures, Illegal Debt Collection Practices, and Issues with Medical Payment Products
The CFPB published an edition of Supervisory Highlights sharing findings from examinations of auto and student loan servicers, debt collectors, medical payment products, and deposit and prepaid accounts.
Examenes de la CFPB encuentran fallas en productos y servicios financieros | CFPB
La CFPB publica edición de su Reporte de Supervisión, compartiendo hallazgos de su evaluación sobre compañías de administración de préstamos automotrices y estudiantiles, de cobradores de deudas, de productos de pago médico y cuentas de depósito y prepagadas.
CFPB Orders Toyota Motor Credit to Pay $60 Million for Illegal Lending and Credit Reporting Misconduct
The Consumer Financial Protection Bureau (CFPB) today ordered Toyota Motor Credit Corporation to pay $60 million in consumer redress and penalties for operating an illegal scheme to prevent borrowers from cancelling product bundles that increased their monthly car loan payments.
CFPB examina devolver $140 millones a consumidores
CFPB publicó una edición especial de su Reporte de Supervisión enfocado en los esfuerzos de la agencia para eliminar las tarifas inesperadas.
CFPB Exams Return $140 Million to Consumers Hit by Illegal Junk Fees in Banking, Auto Loans, and Remittances
The Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights focused on the agency’s efforts to shutdown junk fees.
CFPB Sues USASF Servicing for Illegally Disabling Vehicles and for Improper Double-Billing Practices
The CFPB filed a lawsuit in federal court against auto-loan servicer USASF Servicing for a host of illegal practices that harmed individuals with auto loans.
La CFPB demanda a USASF Servicing por inutilizar ilegalmente vehículos y por prácticas indebidas de doble facturación
CFPB demanda al adinistrador de préstamos automotrices USASF por usar numerosas prácticas ilegales que afectaron a sus prestatarios.
CFPB Exams Find Unfair, Deceptive, and Abusive Practices Across a Wide Array of Consumer Financial Product Lines
Today, the Consumer Financial Protection Bureau (CFPB) released a new Supervisory Highlights report which found unfair, deceptive, and abusive acts or practices across many consumer financial products.
CFPB and New York Attorney General Sue Credit Acceptance for Hiding Auto Loan Costs, Setting Borrowers Up to Fail
The CFPB and the New York State Office of the Attorney General sued a predatory auto lender, Credit Acceptance Corporation, for misrepresenting the cost of credit and tricking its customers into high-cost loans on used cars.
La CFPB y el Fiscal General de NY demandan a Credit Acceptance
La CFPB y la Fiscal General de NY demandan a Credit Acceptance por ocultar el costo del crédito y engañar a sus clientes con préstamos de altos costos.
Los Exámenes de Supervisión de la CFPB Encuentran Fallas en el Reporte del Crédito, Uso de Tarifas Inesperadas y Engañoso Manejo de las Protecciones por COVID-19
Los examinadores de la agencia encuentran violaciones a la ley en muchos productos y servicios financieros.
CFPB Supervisory Examinations Find Credit Reporting Failures, Junk Fees, and Mishandling of COVID-19 Protections
Agency examiners find legal violations across consumer financial products and services.
CFPB Orders Hyundai to Pay $19 Million for Widespread Credit Reporting Failures
Today, the Consumer Financial Protection Bureau (CFPB) penalized Hyundai Capital America (Hyundai) for repeatedly providing inaccurate information to nationwide consumer reporting companies and failing to take proper measures to address inaccurate information once it was identified between 2016 and 2020.
CFPB Supervisory Report Finds Unlawful Auto Repossessions, Breakdowns in Credit Report Disputes
Today the Consumer Financial Protection Bureau (CFPB) released its Supervisory Highlights report on legal violations identified during the CFPB’s supervisory examinations in the second half of 2021. The report details key findings across consumer financial products and services.
CFPB Moves to Thwart Illegal Auto Repossessions
The Consumer Financial Protection Bureau (CFPB) is moving to thwart illegal repossessions in the heated auto market.
CFPB Takes Action Against Auto Lender for Unfair Loss Damage Waiver Practices
The Consumer Financial Protection Bureau (CFPB) issued a consent order today against 3rd Generation, Inc., doing business as California Auto Finance (California Auto) for illegally charging interest for late payment on its Loss Damage Waiver (LDW) product without its customers’ knowledge.
Consumer Financial Protection Bureau Settles with Nissan Motor Acceptance Corporation for Illegal Collections and Repossession Practices
The Consumer Financial Protection Bureau issued a consent order against Nissan Motor Acceptance Corporation, which services auto loans and leases originated by Nissan and Infiniti dealerships nationwide.
Consumer Financial Protection Bureau Settles with Auto Lender for Unfair Loss Damage Waiver Practices
The Consumer Financial Protection Bureau settled with Lobel Financial Corporation, an auto-loan servicer based in Anaheim, California.
Consumer Financial Protection Bureau Report Examines Early Impact of Pandemic on Consumer Credit
The Consumer Financial Protection Bureau issued a report examining the early effects of the COVID-19 pandemic on consumer credit.