The Consumer Financial Protection Bureau has tooklegalactionagainst USASF Servicing, the monetary arm of a chain of automobile cardealerships discovered primarily in the South
ByKEN SWEET AP Business Writer
NEW YORK — The Consumer Financial Protection Bureau on Wednesday tooklegalactionagainst USASF Servicing, the monetary arm of a chain of car cardealerships discovered mainly in the South, declaring the business dedicated a laundry list of prohibited practices, like disabling customers’ automobiles, double-billing consumers, and unlawfully reclaiming automobiles.
The bureau is lookingfor to get millions of dollars in refunds for thousands of USASF clients, as well as enforce fines and charges versus the Georgia-based business.
USASF is associated with U.S. Auto Sales, a dealer chain that offered utilized automobiles primarily to clients with low earnings or bad credit that run a “buy here, pay here” service design at its 31 dealers. U.S. Auto Sales primarily shut down its dealer operations in April, however USASF is still operating as the loan servicer for the business.
The CFPB stated that, giventhat 2016, USASF unlawfully handicapped borro