CFPB Looks at Deficiency Balances Featured

By Staff Writer March 15, 2019 1160

Deficiency balances have been the latest focus of Consumers Financial Protection Bureau examinations.

The CFPB recently released its latest Supervisory Highlight report, which includes a section on auto finance servicing activities.

The CFPB’s examinations identified unfair acts or practices related to collecting incorrectly calculated deficiency balances. Recent examinations have also identified deceptive acts or practices related to representations on deficiency balance notices.

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Last modified on Friday, 15 March 2019 13:45