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CFPB Sues USASF Servicing for Illegally Disabling Vehicles and for Improper Double-Billing Practices
Posted: Aug 10, 2023 | Author:
CFPB
auto lending
Auto Loans
auto reposession
The Consumer Financial Protection Bureau filed a lawsuit in federal court against auto-loan servicer USASF Servicing for a host of illegal practices that harmed individuals with auto loans. These practices include wrongfully disabling borrowers’ vehicles, improperly repossessing vehicles, double-billing borrowers for insurance premiums, and failing to return millions of dollars in refunds to consumers. The CFPB is seeking to obtain redress for consumers and civil money penalties and stop any future violations.
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