Tag Archive

Santander Decides Not to Use GPS

Published on February 27, 2017 By Cucolle1

Dallas-based Santander Consumer USA Holdings Inc., one of the country’s biggest subprime auto lenders, has decided not to use GPS-tracking and ignition kill switch technology as regulators clamp down on the devices, an executive said.   Read More!

Sub-Prime Lender to Pay $5.5M to Settle FTC Harassment Charges

Published on June 2, 2014 By Cucolle1

Irvine, CA – May 30, 2014 – Consumer Portfolio Services, Inc. (CPS), headquartered in Irvine, California, a subprime auto lender, agreed to pay more than $5.5 million to settle Federal Trade Commission charges that the company used illegal tactics to service and collect consumers’ loans, including collecting money consumers did not owe, harassing consumers and […]

FTC Brings First Case Alleging Text Messages Were Used In Illegal Debt Collection Scheme

Published on September 29, 2013 By Cucolle1

Defendants Will Pay $1 Million to Settle Charges A Glendale, California-based debt collector will pay $1 million dollars to settle Federal Trade Commission charges that the defendants violated federal law.  This is the first FTC action against a debt collector who used text messaging to attempt to collect debts in an unlawful manner.   Read […]

FTC, DOJ and CFPB File Amicus Brief in Support of Debtors Ability to file Lawsuits without Recourse of Costs

Published on August 21, 2012 By Cucolle1

        Washington DC – August 20, 2012 – In a showing of support to borrowers and attorneys who would wish to file lawsuits against creditors or collectors without having to bear the cost of defenses in the event of their cases being dismissed, the Federal Trade Commission, the Department of Justice (DOJ) […]

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