Record subprime auto loan delinquencies hit 6.65% in October

Rising subprime auto delinquencies are emerging as a clear sign of mounting stress, as many lower-income Americans struggle ...
JD Supra

CFPB Supervisory Highlights Special Edition looks at “junk fees” charged in connection with deposits, auto servicing, mortgage servicing, payday and small-dollar lending ...

Continuing its (and the White House’s) “junk fees” rhetoric, the CFPB has released a new issue of Supervisory Highlights that carries the title “Junk Fees Special Edition.” The report discusses the ...
The National Law Review

CFPB Sues Auto-Loan Servicer for Allegedly Harming Consumers

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
JD Supra

CFPB sues auto-loan servicer for double-billing practices

On August 2 CFPB filed a complaint in the U.S. District Court for the Northern District of Georgia against an auto-loan servicer alleging a host of illegal practices that harmed individuals with auto ...
Business Wire

defi SOLUTIONS Introduces defi MANAGED SERVICING, A New Way of Thinking and Talking About Auto Lease and Loan Servicing

Expert teams, ISO 9001 processes, and modern, proprietary technology lets lenders think differently about their end-to-end auto lease and loan servicing lifecycle. WESTLAKE, Texas--(BUSINESS ...
Auto Remarketing

Westlake Portfolio Management takes over servicing for Mechanics Bank Auto Finance

Westlake Portfolio Management (WPM) is back in the business of absorbing outstanding portfolios. The subsidiary loan servicing company of Westlake Technology Holdings has entered into a servicing ...