Auto Loan Company Failed to Provide Redress for Illegal Collection Tactics
Washington, D.C. —(ENEWSPF)—April 27, 2017. The Consumer Financial Protection Bureau (CFPB) today took action against Security National Automotive Acceptance Company (SNAAC), an auto lender specializing in loans to servicemembers, for violating a Bureau consent order. In 2015, the CFPB ordered SNAAC to pay both redress and a civil penalty for illegal debt collection tactics, including making threats to contact servicemembers’ commanding officers about debts…
