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CFPB sues auto dealer for illegally locking cars, re-possessing vehicles, other shady activities

The Consumer Financial Protection Bureau has sued USASF Servicing, the financial arm of a chain of auto dealerships found mostly in the South. The bureau alleges the company committed a
United States Rohit Chopra Consumer Financial Protection Bureau On Consumer Financial Protection Bureau Three Milestone Cfpb Usasf Servicing Us Auto Sales

Consumer Financial Protection Bureau: CFPB sues auto dealer for illegally locking cars, re-possessing vehicles, ET Auto

Consumer Financial Protection Bureau: USASF is affiliated with U.S. Auto Sales, a dealership chain that sold used cars mostly to customers with low incomes or bad credit that operated a "buy here, pay here" business model at its 31 dealerships. U.S. Auto Sales mostly shut down its dealership operations in April, but USASF is still operating as the loan servicer for the company.
United States Rohit Chopra Consumer Financial Protection Bureau On Consumer Financial Protection Bureau Three Milestone Milestone Partners

U.S. suit accuses car-dealership chain of illegal practices

The Consumer Financial Protection Bureau on Wednesday sued USASF Servicing, the financial arm of a chain of auto dealerships found mostly in the South, alleging the company committed a laundry list of illegal practices, like disabling borrowers cars, double-billing customers and illegally repossessing cars.
United States Rohit Chopra Consumer Financial Protection Bureau On Consumer Financial Protection Bureau Director Rohit Chopra Three Milestone

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