FTC Fines CPS $5.5 Million

WASHINGTON, D.C., and IRVINE, Calif. – The Federal Trade Commission said Thursday that Consumer Portfolio Services will pay more than $5.5 million to settle charges that the subprime auto finance company used “illegal tactics” to service and collect consumers’ loans, including collecting money consumers did not owe, harassing consumers and third parties, and disclosing debts … Read more