Auto loans are the most common secured debt in the U.S. If a debtor defaults on an auto loan, the creditor can typically repossess the asset – the car – securing the loan. But if the asset is in a state of disrepair or otherwise diminished in value, the creditor cannot recoup the total balance owed by selling the car. So a deficiency balance is due from the debtor, with the balance becoming a receivable on the creditor’s books.
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insideARM Weekly Recap – Week of October 14th, 2024
21 October 2024
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CFPB’s Fall Edition of Supervisory Highlights Focuses on Auto-Finance Market
15 October 2024
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CFPB Bites of the Month - July 2024 - The CFPB Shines Like the 4th of July
14 August 2024
CFPB Releases Supervisory Highlights Focusing on Debt Collection and Loan Servicing Practices
9 July 2024
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CFPB Publishes Consumer Response Annual Report
18 April 2024
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New York Federal Court Stays CFPB’s Lawsuit Against Indirect Auto Finance Company Pending U.S. Supreme Court Decision in CFPB Funding Case
14 August 2023
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CFPB Sues Auto Loan Servicer for UDAAP Violations
10 August 2023
CFPB Focuses on Junk Fees, Credit Reporting, and COVID-19 Relief Funds in Latest Supervisory Highlights
29 November 2022
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CFPB Issues Record $19 Million Penalty for Credit Reporting Violations: Three Steps Your Company Must Take to Comply with the Law
1 August 2022
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CFPB Scrutinizes Auto Lending, Repossessions, and Collections
8 March 2022
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CFPB's Latest Report Focuses on Actual Payment Information in Credit Reports
2 December 2020
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DC Prohibits Outbound Collection Efforts Amid COVID-19
8 April 2020
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Massachusetts Releases FAQs About Its COVID-19 Guidance
6 April 2020
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Three Lessons for Debt Collectors from the CFPB’s Latest Supervisory Highlights: Amount Owed Accuracy, Disclosures, And Payment Dates
13 March 2019
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New York Fed Report Shows Decline in Collection Accounts... Or Does It?
20 November 2018
TransUnion Report Reveals Current Consumer Credit Trends, Including 20.3 Million More Accounts
5 March 2018
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Breaking: 2nd Circuit Says TCPA Consent Not Revocable if Part of Contract
23 June 2017
TransUnion Finds Struggling Consumers Pay Off Unsecured Personal Loans First
17 May 2017
New Accounts Receivable Management Provider Combines a History of Strong Revenue Performance with a Meticulous Focus on Compliance and Consumer Relationships
6 April 2016
CFPB Fines Auto Loan Company $3.28 Million For Illegal Debt Collection Tactics
29 October 2015
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