Repossessor Poses As Police

ALBUQUERQUE, N.M. (KRQE) – Officers said a man tried to pull over another driver with his police lights. However, he’s not a cop. Last month, an officer in an unmarked unit spotted a tow truck near I-25 and San Antonio “with red and blue flashing overhead lights.” According to the criminal complaint, the driver of the…

Georgia Title Loan Gets Large Fine

A title-pawn company with offices in Macon and Dublin will pay more than $200,000 to settle complaints that it misled and intimidated customers. The state attorney general’s office says First American Title Lending of Georgia agreed to pay back more than $196,000 to customers and return titles. They also agreed to stop deceptive practices, like…

Wells Fargo Falls Deeper

NATIONAL — Wells Fargo is coming forward and confessing they have uncovered at least 450 more cases in which the company illegally repossessed the vehicles of U.S. service members. This brings the total number of cases to more than 860. Bank officials say they will pay $5.4 million for the repossessions, repair the service members’…

Cordray To Leave CFPB

Richard Cordray, a target of the banking industry and Republicans in Congress, announced Wednesday that he plans to step down as head of the Consumer Financial Protection Bureau by the end of the month. Cordray’s resignation will give President Trump an opportunity to reshape an agency that oversees a significant portion of the financial industry. It comes less…