March 10, 2022

CFPB To Repossessors: "We Are Watching"

CFPB To Repossessors: "We Are Watching"

Pat Discusses With Creditors Rights Atty Patrick D. Newman the CFPB's Message to Our Industry

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Washington Post article from 3/7/2022 passed along their version of the messaging from CFPB Director Rohit Chopra to auto lenders, and their repossessors:  "Don't illegally repo people's vehicles.  We are watching".  CFPB's recent bulletin is the strongest message ever concerning auto repossessions. Patrick Altes discusses with Atty Patrick D Newman from Bassford Remele exactly what the bureau is saying to us...and our clients.