Auto Finance Receivables News RSS Feed

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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File drawer with one folder in focus, labeled "Court Decisions" [Image by creator tashatuvango from AdobeStock]

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
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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

CFPB Orders Indirect Auto Finance Company to Pay $48.3M in Relief and Penalties for Illegal Debt Collection Tactics

1 October 2015

Congress Grills CFPB Director over New Rules, Bureau Methods

30 September 2015

The 986 Words That Have Guided First Party Outsourcing for 15 Years

29 July 2015

insideARM Announces Inaugural First Party Outsourcing Summit October 13-14, 2015

22 June 2015

CFPB Takes Action Against Auto Finance Company for Debt Collection UDAAP Violation

18 June 2015

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