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Home » CFPB sues U.S. Auto Sales’ finance arm USASF for repo practices

CFPB sues U.S. Auto Sales’ finance arm USASF for repo practices

Westlake Portfolio Management now servicing U.S. Auto Sales’ portfolio

Amanda HarrisbyAmanda Harris
August 11, 2023
in Compliance
Reading Time: 4 mins read
0
Customers view a vehicle for sale at a Ford Motor Co. dealership in Richmond, California, U.S., on Thursday, July 1, 2021. The global semiconductor shortage that hobbled auto production worldwide this year is leaving showrooms with few models to showcase just as U.S. consumers breaking free of pandemic restrictions are eager for new wheels.

Photographer: Bloomberg/Bloomberg

The Consumer Financial Protection Bureau has brought claims against auto loan servicer USASF Servicing alleging that the company illegally disabled and improperly repossessed vehicles as regulatory oversight picks up alongside a return to repo enforcement.   Lawrenceville, Ga.-based USASF Servicing is the financial arm of buy-here, pay-here dealership chain U.S. Auto Sales. U.S. Auto Sales […]

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