Filing fee $ 402, receipt number 0752-18366584. The public and media representatives may have access to the hearing via the same number. And the best part of all, documents in their CrowdSourced Library are FREE! This company made unaffordable and illegal loans to borrowers, causing them to fall into thousands of dollars of debt and even lose their vehicles, Healey said in a news release. Our partnership with dealers, exceptional customer service and relationships have allowed us to make vehicle ownership a reality for many. Case assignment: Random assignment. Sincerely, Office of the President Exeter Finance LLC Initial Complaint 10/31/2022 Complaint Type: Billing/Collection Issues Status: Answered I am not liable for this debt with Exter Finance. dealers enjoy personalized service from dedicated buyers and funders who help them find the right financing On October 7, 2021, Brown initiated this lawsuit, Making Previously, the AGs Officesecured$22 million from Santander for its role in financing subprime auto loans for Massachusetts residents. 2084CV01954. inquiry into subprime auto loan market. All quotes delayed a minimum of 15 minutes. 2 . (crl, ) (Entered: 06/17/2021), (#2) ATTORNEY Appearance for Plaintiff Dennis J. Henderson by Michael Joseph Plati (Plati, Michael) (Entered: 06/17/2021), (#1) COMPLAINT filed by Dennis J. Henderson; Jury Demand. Audio recording of the hearing is not permitted; violations of this prohibition may result in sanctions. Accordingly, the status conference currently scheduled for 11/15/21 is stricken and set for 12/6/2021 at 09:40 AM; the parties shall use the same call-in information #33 . It really cant be that hard. 2023-01-24, Escambia County Courts | Other | This settlement is part of AG Healeys review of securitization practices in the subprime auto marketan industry-wide investigation that remains ongoing. The feedback will only be used for improving the website. Back on March 18, 2016, Credit Acceptance said it received a subpoena from the Maryland attorney general related to the companys repossession and sale policies and procedures in the state of Maryland. et al, Johnson v. Dell Financial Services LLC et al, Mokszycki v. Equifax Information Services LLC et al. Exeter Finance, LLC et al Case Summary On 06/17/2021 Henderson filed a Finance - Consumer Credit lawsuit against Exeter Finance , LLC. people, performance and service. Designated as Magistrate Judge the Honorable Jeffrey Cole. If you would like to continue helping us improve Mass.gov, join our user panel to test new features for the site. Previously, the AGs Office secured $22 million from Santander for its role in financing subprime auto loans. Glassdoor gives you an inside look at what it's like to work at Exeter Finance, including salaries, reviews, office photos, and more. Progressive Services, Inc. v. Flatline Roofing, LLC et al. Macon v. Proud Ground Organization, et al. IRVING, Texas, June 28, 2021 /PRNewswire/ -- Exeter Finance LLC, a leading indirect auto finance company, announced today that it has entered into a definitive agreement to . Super great experience. See Nelson v. Napolitano, 657 F.3d 586, 587 (7th Cir. 20-10377 (5th Cir. (Ellis, Bernie) (Entered: 12/03/2021), Docket(#9) ANSWER to #1 Complaint by Exeter Finance LLC. Credit Acceptance Corp did not admit wrongdoing as part of the settlement. The Judge overseeing this case is Timothy M Cain. 8:20-CV-01048 | 2020-03-13, U.S. Courts Of Appeals | Contract | Please do not include personal or contact information. 2011) (Rule 41(a)(1)(A) notice of dismissal "is self-executing and effective without further action from the court"). A more recent docket listing may be available from PACER . Press - Exeter Finance - Franchise & Independent Dealership Financing, Subprime Auto Lending FAQs Contact Us Customers Overview Customer Center Customer Security Privacy FAQs Servicemembers Civil Relief Act Dealers Overview Dealer center DealerPortal Dealer Support Dealer Information Hub Our Company Overview Leadership Community Within 45 minutes of applying for a car I was approved! Thank you anyway. In its lawsuit, the AGs Office also alleges that the company took excessive and illegal measures to collect debt from defaulted borrowers, including sending faulty notices to borrowers with repossessed vehicles, harassing consumers with unlawfully repetitious collections calls, and overcharging consumers on their deficiencies. No proposed order. Each party is to bear its own fees and costs. (Ellis, Bernie) (Entered: 11/11/2021), (#9) ANSWER to #1 Complaint by Exeter Finance LLC. 2015) Court Description: MEMORANDUM OPINION AND ORDER: Accordingly, it is ordered that Parker and Exeter shall perform the Settlement Agreement contained at ECF Doc. Exeter Finance Corp. Binh Hoa Le v. Exeter Finance Corp., No. What APR does Exeter finance offer on its car loans? When I arrived at the dealership, I was very nervous about my chances of being approved for a new car. Please do not include personal or contact information. Today, the Delaware Attorney Generals Office has also entered into a settlement with Exeter. Each party is to bear its own fees and costs. was also awesome! The state is seeking relief for Massachusetts borrowers harmed by these alleged practices, as well as civil penalties and injunctive relief. Choose your news we will deliver. They have been giving me the run around. 2021-10-14, Los Angeles County Superior Courts | Other | In addition, no representations or warranties are made with respect to the usability of any directions or conditions of any routes utilized. Everything was wrong every time I call to check on things and ask to speak with a supervisor they can never come to the phone and the information that they are telling customers are all wrong and I feel like if they would have told me everything that I needed when I called the first time everything would have been sent and I wouldnt have to call everyday or every other dayI feel like they are very unprofessional when it comes down to giving customers the right information when needed. For more information, visit www.nyc.gov/dca. If you would like to continue helping us improve Mass.gov, join our user panel to test new features for the site. Filing fee $ 402, receipt number 0752-18366584. Cancellation and Refund Policy, Privacy Policy, and ", More:'$1 billion problem': Organized retail theft is big business in Massachusetts. 1:22-CV-00369 | 2022-05-12, San Diego County Superior Courts | Small Claim | People who write reviews have ownership to edit or delete them at any time, and theyll be displayed as long as an account is active. Boston A finance company operating in Massachusetts, Exeter Finance LLC, will pay more than $5.5 million for its role in allegedly financing unfair, subprime auto loans for Massachusetts car buyers, Attorney General Maura Healey announced today. Our dealers enjoy personalized service from dedicated buyers and funders who help them find the right financing solutions for their customers. We put consumers behind the wheel by partnering with dealers to ensure they receive rapid decisions and are treated with the dignity and respect they deserve. There customer service, follow up and respect for the customers is all 5 star! 1:22-CV-04997 | 2022-12-19, U.S. District Courts | Finance | 2:23-CV-01357 | 2023-02-23, U.S. District Courts | Finance | A subscription to PACER is required. The office ofMassachusetts Attorney General Maura Healeysaid Monday that Exeter facilitated auto loan originations that it knew or should have known were unfair and in violation of the state Consumer Protection Law, while the office ofDelaware Attorney General Kathleen Jenningssaid the lender knew or should have known that the loans violated state laws. 2:38 PM on Jun 28, 2021 CDT Irving-based Exeter Finance LLC entered an agreement to be acquired by an investor group led by private equity firm Warburg Pincus, the company announced Monday.. If you need to contact Exeter, you may call us at our main telephone number (toll free): (800) 321-9637. P. 45. "Thousands of Massachusetts consumers, many of them first-time car buyers, put their faith in CAC to help them with an auto loan, but were instead lured into high-cost loans, fell deeper in debt, and even lost their vehicles," Healey said in a statement. You can unsubscribe at any time through links in these emails. Exeter Finance Corp., No. Ease with setting up my online account and great customer service communication via chat makes my experience off to a good start, One of the best vehicle purchases I've ever made. Delaware and Massachusetts previously partnered to crack down on deceptive subprime auto lending. It was truly an amazing experience and I would truly recommend others! 2021-10-28, Los Angeles County Superior Courts | Personal Injury | This assurance of discontinuance, filed in Suffolk Superior Court, includes $4.675 million that will be available to provide relief to harmed borrowers and an $825,000 payment to the state. See Nelson v. Napolitano, 657 F.3d 586, 587 (7th Cir. An Exeter spokeswoman told Automotive News the company is "pleased to have resolved this matter.". consumer protection and debt collection laws, Settlement latest in Mass. In addition to what another reviewer said about how they load all of their fees and interest up front (causing the principal to be essentially untouched for the majority of the . The settlement also requires the company to make changes to its loan handling practices. Additionally, Healey alleges that Credit Acceptance customers were subject to hidden finance charges, which resulted in contracts exceeding the usury rate ceiling of 21% mandated by state law. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. In its statement, the Massachusetts attorney generals office also accused Exeter of violating debt collection regulations through mishandling servicing and collection of auto loans. Then on Monday, Massachusetts attorney general Maura Healey filed a lawsuit against the finance company that specializes in the subprime market. Our office will continue to investigate the subprime lenders, financiers, and securitizers, and protect consumers.. 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Accordingly, the status conference currently scheduled for 11/15/21 is stricken and set for 12/6/2021 at 09:40 AM; the parties shall use the same call-in information #33 . I. A finance company operating in Massachusetts, Exeter Finance LLC, will pay more than $5.5 million for its role in allegedly financing unfair, subprime auto loans for Massachusetts car buyers, Attorney General Maura Healey announced today. The industry leader for online information for tax, accounting and finance professionals. This matter involving Credit Acceptance is being handled by Healeys Insurance and Financial Services Division. Instead of learning from the subprime mortgage crisis, Healey said Credit Assistance and other auto loan companies used it as a "blueprint to make a profit on some of our most vulnerable residents. Image by Billion Photos / Shutterstock.com. In a separate cease and desist agreement in Delaware, Exeter agreed to pay $550,000 to affected customers and $50,000 to the state. Exeter to settle 'unfair loans' for $6 million. Car loans to consumers with poor credit, known as subprime auto loans, are often made through contracts signed at the car dealership, but the loans are funded by non-dealer financial institutions, like Exeter. Please limit your input to 500 characters. vehicle ownership possible for everyone. In Massachusetts, Exeter agreed to pay $4.7 million to harmed borrowers and $825,000 to the state. Well I know I had some financial problems but never ever with Nissan Fiesta. (Doc. 3:21-CV-00494 | 2021-04-01, U.S. District Courts | Civil Right |