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The Consumer Financial Protection Bureau announced an enforcement action against Westlake Services LLC and its auto title lending subsidiary, Wilshire Consumer Credit LLC, for pressuring borrowers using illegal debt collection tactics.
The CFPB found that the companies deceived consumers by calling under false pretenses and using phony caller ID information, falsely threatened to refer borrowers for investigation or criminal prosecution, and illegally disclosed information about debts to borrowers’ employers, friends and family.
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TradeRev, a Toronto-based provider of a vehicle appraisal and auctioning system for automotive dealers, announced the company is expanding into the Carolinas and central Florida.
TradeRev is a widely used platform in Canada that is quickly gaining traction across North America.
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Small business owners are having no problem getting money from banks. The problem is, they don't want it.
According to Newtek Business Services Corp.'s September SB Authority Market Sentiment Survey, 96 percent of business owners have been granted access to a traditional bank loan.