Consumer Bureau Action Tracker

CFPB – Y King S Corp., d/b/a Herbies Auto Sales


State

Colorado

target

Y King S Corp., d/b/a Herbies Auto Sales

Topics

Auto Loans, Enforcement

The CFPB “required Y Kings S Corp … to pay $700,000 in restitution to the more than 1,000 customers per year who bought cars between 2012-14.” The bureau alleged the car dealer engaged in “abusive financing schemes.” The dealer did not admit wrongdoing in the settlement.

Status

Inactive or Resolved


2016-CFPB-0001 1/21/2016 1/21/2016

CFPB Takes Action Against Herbies Auto Sales for Unlawful Lending Practices
http://www.consumerfinance.gov/policy-compliance/enforcement/actions/y-king-s-corp-db-herbies-auto-sales/

  • Consumer Financial Protection Bureau (CFPB)
  • Administrative filing
  • None
  • Nonbank
  • $700,000
  • 1,000

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