CPS Receives Subpoena From DOJ
The Department of Justice issued a subpoena to Consumer Portfolio Services on January 14, according to an 8-K filed with ...
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Auto Finance Industry Monitors Supreme Court for Ruling on Disparate Impact
The outcome of a mortgage case being heard by the Supreme Court could ease the burden of disparate impact violations imposed ...
Ally Financial Reveals Subpoena From DOJ
Ally Financial Inc. is the latest auto finance company to reveal it has received a subpoena from the U.S. Department ...
CACC Latest Company to Receive Subpoena from DOJ
Credit Acceptance Corp., the Southfield, Mich.-based indirect lender, was issued a subpoena from the U.S. Department of Justice, the company ...
Chicken Little Take Note: Wise Business Practices Help Keep the Subprime Sky from Falling
While it is true that subprime lending volumes are up, this does not necessarily signal that the market is headed ...
More Lenders Reportedly Investigated for Discriminatory Practices
Regulatory scrutiny of the auto lending space continued at a feverish pace this week. The New York Department of Financial ...
DriveTime to Pay $8 Million Penalty Over Collection Calls
"Buy here, pay here” car dealer DriveTime has been ordered to pay an $8 million civil penalty by the Consumer ...
Uniformity and Speed, Top Subprime Priorities
Whether subprime auto lending is reaching dangerous levels is debatable, as evidenced by the continued conversation in the media surrounding ...
