CFPB Supervisory Report Finds Issues in Several Financial Institution Practices
Troutman Sanders
MAY 5, 2022
The CFPB sees wrongful repossessions everywhere. Per the report, recent examinations found that servicers engaged in unfair acts or practices when they repossessed vehicles after consumers took action that should have prevented the repossession. Failing to trigger refunds of GAP protection after a repossession.
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