The penalties and remedies sought by government and self-regulatory agencies in these types of matters can be substantial. Securities and Exchange Commission, the Federal Trade Commission and various state regulatory and enforcement agencies. Exeter is also party to, or is periodically otherwise involved in, reviews, investigations, examinations and proceedings (both formal and informal), and information-gathering requests, by government and self-regulatory agencies, including the Federal Reserve, the Consumer Financial Protection Bureau, the United States Department of Justice, the U.S. The relief requested by plaintiffs varies but can include requests for compensatory, statutory and punitive damages. The damages and penalties claimed by consumers in these types of matters can be substantial. As the assignee or purchaser of automobile loan contracts originated indirectly by dealers or originated directly by the direct lender, in each case for sale or assignment to Exeter, Exeter also may be named as a co-defendant in lawsuits filed by consumers principally against such dealers or the direct lender. Some litigation against Exeter could take the form of class action complaints by consumers. As a consumer finance company, Exeter Finance LLC (“Exeter”) is subject to various consumer claims and litigation seeking damages and statutory penalties, based upon, among other things, usury, disclosure inaccuracies, wrongful repossession, violations of bankruptcy stay provisions, certificate of title disputes, fraud, breach of contract, improper collection practices, credit bureau reporting and discriminatory treatment of credit applicants.
0 kommentar(er)
