UDAAP

38 min read

CFPB Expands on UDAAP Definitions

April 5, 2023 Cucolle1

Last month, we provided some clarity on what the Consumer Financial Protection Bureau’s (CFPB)...

7 min read

CFPB Provides Clarity on UDAAP Repossession Fees

March 20, 2023 Cucolle1

“We’re concerned about servicers that charge fees above the actual applicable cost to the...

9 min read

CFPB’s Response to Questions on UDAAP Repo Fees

March 14, 2023 Cucolle1

EDITORIAL Last week I reported the Consumer Financial Protection Bureau findings of charging of...

1 min read

The Cardinal Rule – Thou shalt not commit wrongful repossession

June 2, 2022 Cucolle1

50% of all wrongful repossession claims are caused by the absence of a valid...

1 min read

Top of CFPB’s 2022 Supervisory Highlights; Auto Servicing and Wrongful Repossessions

May 7, 2022 Cucolle1

On April 26th, the Consumer Financial Protection Bureau (CFPB) issued their Spring 2022 Supervisory...

1 min read

CFPB takes aim at Illegal Auto Repossessions

March 1, 2022 Cucolle1

High Car Prices Increase Risk of Improper Repossession by Lenders, Servicers, and Investors WASHINGTON,...

1 min read

Liability Concerns Growing in Ancillary Product Refund Processes

August 12, 2021 Cucolle1

“From Afterthought to Strategic Approach: Managing Ancillary Product Refunds” An Allied Solutions White Paper...

1 min read

California Legislature Approves its Own State Level CFPB

September 2, 2020 Cucolle1

Sacramento, CA 1 September 2020 – In the aftermath of two failed consumer protection...

1 min read

State of Massachusetts Bans All Third-Party Collections and Repossession Activity

March 27, 2020 Cucolle1

These emergency provisions are to remain in effect for the ninety (90) days following...

1 min read

California to Create its own “Mini-CFPB”

January 30, 2020 Cucolle1

Richard Cordray and California Governor Gavin Newsom Team Up to Create Yet Another Layer...

1 min read

Who Is Stealing from Who?

June 28, 2018 Cucolle1

GUEST EDITORIAL In a recent conversation with the head of one of the major...

1 min read

Santander Collecting Storage, But Repo Agencies Can’t?

February 22, 2018 Cucolle1

To quote someone who may desire to remain anonymous, “Let This Sink in…” Perhaps...

1 min read

An Open Letter to Santander Consumer USA, Chrysler Capital and MBSi Corp.:

November 16, 2016 Cucolle1 3

FOR IMMEDIATE RELEASE November 16, 2016 – Recovery/Repossession businesses across the country recently received...

1 min read

Time Finance Adjusters Annual Conference… A First in the Industry

September 16, 2016 Cucolle1

The Annual Conference of Time Finance Adjusters members was recently held at the Atlanta...

1 min read

Avoid the Pitfalls of Working for Predatory Lenders

December 5, 2015 Cucolle1 1

EDITORIAL The members of Eagle Group XX have noted a phenomenon occurring in our...