CFPB’s Summer Edition of Supervisory Highlights Focuses on Auto Lending/Servicing and Debt Collection Practices
Troutman Sanders
JULY 27, 2023
In the instances where these discrepancies were identified, servicers did not reduce the amount the consumers owed on the loan. This finding hearkens back to Bulletin 2013-08, where the Bureau asserted that such statements would be viewed as UDAAP violations.
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