Well Known LA Auto Lender Faces $48.3M in Fines and Relief for Alleged Illegal Collection Activities

law_stLos Angeles, CA – October 1, 2015 – For the second time this week, the Consumer Financial Protection Bureau has flexed its muscles when it comes to reining in unscrupulous indirect auto loan financiers. Just days after taking action against Fifth Third Bank for auto-lending discrimination, the Bureau ordered a Los Angeles-based finance company and its auto title lending subsidiary to pay $48.3 million in fines and relief to affected borrowers stemming from a laundry list of allegedly illegal debt collection practices.

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