The Consumer Financial Protection Bureau (CFPB) has entered into a settlement agreement with a California-based auto loan servicer.
The CCFP found the company engaged in unfair practices with its Loss Damage Waiver product, in violation of the Consumer Financial Protection Act, such as billing for coverage that was not provided.
Read on for details from the CFPB’s consent order, including what the business must pay in consumer redress and civil money penalties.
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