Congress challenges CFPB’s illegal repossession claims

Washington DC – March 23, 2022 – Back on February 28th, the CFPB published an article on their website titled “CFPB Moves to Thwart Illegal Auto Repossessions.” In a follow up tweet, CFPB Director, Rohit Chopra posted; “No one ever wants to wake up to find that their car has been stolen. Given today’s high prices for used cars, the CFPB is taking action to thwart illegal auto repossessions by auto lenders, investors, and servicers.” Well, that didn’t sit well with eleven GOP congress persons who came forward in defense of the repossession industry and lenders.

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Congress challenges CFPB’s illegal repossession claims – Repossession – CFPB