On September 30, 2015, the CFPB ordered an indirect auto lending company and its auto lending subsidiary to pay $48.3 million in fines for alleged FDCPA, TILA, and UDAAP violations. The CFPB alleges that the companies...more
10/5/2015
/ Automotive Loans ,
Borrowers ,
Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Debt Collection ,
Enforcement Actions ,
FDCPA ,
Misrepresentation ,
Non-Bank Lenders ,
Prior Express Consent ,
Repossess ,
Third-Party ,
Truth in Lending Act (TILA) ,
UDAAP
In a recent Real Estate Settlement Procedures Act (“RESPA”) enforcement action, the Consumer Financial Protection Bureau (“CFPB”) negotiated a consent order with Lighthouse Title, Inc. (“Lighthouse”) for alleged violations of...more