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California Department of Financial Protection and Innovation "DFPI" issues notice of proposed rulemaking under Debt Collection Licensing Act

California Department of Financial Protection and Innovation "DFPI" issues notice of proposed rulemaking under Debt Collection Licensing Act

CFPB focuses on auto finance practices in latest Supervisory Highlights. The report highlights repossession practices it alleges are unfair, including: "Repossession of vehicles without having a valid recorded lien to the vehicle."

CFPB focuses on auto finance practices in latest Supervisory Highlights. The report highlights repossession practices it alleges are unfair, including: "Repossession of vehicles without having a valid recorded lien to the vehicle."

New report by the CFPB found that some servicers repossessed vehicles without a recorded lien, causing substantial injury to consumers.

New report by the CFPB found that some servicers repossessed vehicles without a recorded lien, causing substantial injury to consumers.

CFPB Handles 20,000 Consumer Complaints Per Week

CFPB Handles 20,000 Consumer Complaints Per Week