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CFPB's First Public Enforcement Action of 2016 is Against Colorado Auto Sales Company

2016-01-22 22:42:26| Auto Dealers - Topix.net

On January 21, 2016, the Consumer Financial Protection Bureau announced an administrative enforcement action against Y King S Corp., d/b/a Herbies Auto Sales , a buy-here pay-here used car dealer located in Greeley, Colorado. Herbies is a car dealer that sells cars and originates the related auto loan, without later selling or assigning the loan to a third-party.

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