CFPB Warns Auto Finance Companies About Inadvertent Repossessions
Troutman Sanders
MARCH 2, 2022
On February 28, the Consumer Financial Protection Bureau (CFPB or Bureau) issued a bulletin and accompanying press release , highlighting an issue that the agency has written about frequently over the past several years: inadvertent repossessions. Failing to cancel active repossession orders when a consumer files for bankruptcy.
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