CFPB Settles with Auto Finance Company for Alleged UDAAP Violations
By EsqSocial Corporation 16/10/20
On October 13, 2020, the Consumer Financial Protection Bureau (CFPB) announced that it had entered into a consent order with an auto finance company, alleging that the company’s repossession practices from 2013 through 2019 constituted unfair and deceptive acts and practices under the Consumer Financial Protection Act (CFPA). Specifically, the CFPB alleged that the company engaged in unfair acts or practices by informing consumers that it would not repossess their vehicles if the consumers...
By: Goodwin