State
Ohio
Ohio
Security National Automotive Acceptance Company, LLC
Enforcement, Debt Collection
In April 2017, the CFPB fined Security National Automotive Acceptance Company (SNAAC) “$1.25 million” for failing to abide by the terms of a previous CFPB consent order with the company. The CFPB previously alleged that SNAAC “made threats to service members about their debts, stating that it would contact commanding officers. Additionally, SNAAC allegedly exaggerated the amount of debt each service member owed. According to the CFPB, SNAAC failed to provide more than $1 million in owed refunds. This inaction on the part of SNAAC affected more than 1,000 consumers.”
Inactive or Resolved