CFPB Bulletin 2022-04: Mitigating Harm in Repossession of Automobiles

February 28, 2022

The Bureau of Consumer Financial Protection (CFPB) issued a Compliance Bulletin regarding repossession of vehicles, and the potential for violations of sections 1031 and 1036 of the Dodd-Frank Wall Street Reform and Consumer Protection Act’s (Dodd-Frank Act’s) prohibition on engaging in unfair, deceptive, or abusive acts or practices (collectively, UDAAPs) when repossessing vehicles.

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