Four months after federal regulators filed a lawsuit against an Ohio-based auto loan company over allegations it violated consumer protection laws – including those protecting servicemembers – in order to collect debts, Security National Automotive Acceptance Company (SNAAC) will pay $3.28 million in refunds and fines to resolve the case. [More]
abusive tactics
Auto Lender Must Pay $3.28M In Refunds, Penalties For Illegal Debt Collection Tactics Against Servicemembers
By 10.28.15
California Senate Passes Bill Allowing Consumers To Fight Unfair Default Judgments
By 9.11.15
We recently told you how potentially millions of Americans are stuck with someone else’s debt because of the large number of default judgments in favor of debt collectors. Yesterday, lawmakers in California approved a bill aimed at giving consumers in that state some ability to fight back.
[More]
CFPB Sues Auto Lender For Aggressive Debt Collection Tactics Against Servicemembers
By 6.17.15
By now it should come as no surprise that lenders shelling out thousands of dollars to help consumers make purchases for things like houses and cars often use lies and threats in attempts to recoup those funds. And while those tactics might result in some payments, they will also likely draw the ire of federal regulators. [More]
