News & Analysis as of

Consumer Financial Protection Bureau (CFPB) Title Lender

Cozen O'Connor

AG Healey Recovers Over $900,000 from Auto Title Lender

Cozen O'Connor on

Massachusetts AG Maura Healey reached a settlement with automobile title lender NH Title Group, Inc. to resolve allegations that it engaged in illegal auto lending practices in violation of Massachusetts consumer protection...more

Goodwin

CFPB Enters $9 Million Consent Order with Title Lender Over Disclosures and Debt Collection Activities

Goodwin on

On September 26, the Consumer Financial Protection Bureau (CFPB) entered into a consent order with one of the country’s largest auto title lenders over allegations that the lender misled consumers about the terms and costs of...more

Goodwin

CFPB Brings Administrative Lawsuits Against Five Arizona Title Lenders

Goodwin on

On September 21, the Consumer Financial Protection Bureau (CFPB) announced that it filed five individual administrative lawsuits against Arizona title lenders. Each suit concerns allegations that the title lenders’...more

Williams Mullen

Maryland AG and CFPB Announce Action Against Alleged Mortgage Kickback Scheme

Williams Mullen on

Section 1042(a) of the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act (CFPA) empowers state Attorneys General (AGs) to bring civil actions to enforce federal consumer law against any person offering...more

Manatt, Phelps & Phillips, LLP

FTC Takes First Action Against Car Title Lenders

Why it matters - In the agency’s first action against a title lender, the Federal Trade Commission (FTC) recently reached a deal with a pair of car title lenders accused of deceptive advertising. The Commission alleged...more

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