ATLANTA – The Consumer Financial Protection Bureau (CFPB) secured a $42 million judgment against USASF Servicing, a Lawrenceville, Georgia-based auto-loan servicer, following allegations of illegal practices.
U.S. District Judge Victoria Calvert of the Northern District of Georgia ordered USASF to pay $25.5 million in compensatory damages, $5.8 million in restitution, $1.2 million in prejudgment interest, and a $10 million civil penalty.
USASF, which operated 31 buy-here pay-here dealerships across the Southeast, has since filed for bankruptcy and closed its dealerships.…