CFPB Spotlight on Auto Sector Grows with Dealer Fine

The CFPB has hit the auto dealer DriveTime Automotive Group, and its financing arm DT Acceptance Corp., with an $ 8 million fine, alleging that the group made overly aggressive debt collection calls and provided inaccurate data to the credit reporting agencies. Collection & Credit Risk

By |2014-12-01T09:13:30-06:00December 1st, 2014|FDCPA|Comments Off on CFPB Spotlight on Auto Sector Grows with Dealer Fine

Citigroup to Pay $7B Fine; Profit Falls

Citigroup, the third-largest U.S. bank by assets, will pay roughly $ 7 billion in fines and consumer relief to settle an investigation into risky subprime mortgages and resolve government claims that it misled investors about the quality of mortgage-backed bonds sold before the 2008 financial crisis. Collections - Other Consumer

By |2014-07-18T09:44:32-05:00July 18th, 2014|FCRA|Comments Off on Citigroup to Pay $7B Fine; Profit Falls

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