An Ohio-based auto lender that has already been penalized for $3.28 million for using aggressive debt collection tactics against members of the armed forces is once again in hot water with the Consumer Financial Protection Bureau for failing to issue refunds to the servicemembers that were harassed. [More]
auto lender
Auto Lender Fined Another $1.25M For Failing To Issue Refunds To Servicemembers Threatened By Debt Collectors
By 4.26.17 — Updated: 5.9.17
Customers Claim Lender Shut Cars Down Too Soon After Missed Payment
By 9.17.14
It seems like a very long time ago that we told you about a new practice in the auto lending industry––cars that the lender can shut down remotely if you happen to miss a payment. The cars won’t shut down while you’re cruising down the highway, but will simply refuse to start when the ignition is off. Simple enough, but some customers claim that one company shut their cars down too early, and have filed a class action lawsuit. [More]
