An official website of the Commonwealth of Massachusetts, This page, AG Healey Sues Major Subprime Auto Lender for Unfair and Deceptive Practices in Its Subprime Auto Loan Business in Massachusetts , is, for AG Healey Sues Major Subprime Auto Lender for Unfair and Deceptive Practices in Its Subprime Auto Loan Business in Massachusetts. If you need assistance, please Contact the Attorney General's Office at (617) 727-2200. I was able to get the help I need it. Add an additional 3 days only if served by mail or otherwise allowed under Fed. Last year, Exeter Finance . (Ellis, Bernie) (Entered: 12/03/2021), Docket(#7) TEXT ORDER granting #6 Motion for Extension of Time. This matter was handled in the AGs Office by staff of the AGs Insurance and Financial Services Division, including Peter Leight, Burt Feinberg, Matt Frank, Tim Hoitink, Maggie Wallace, Jessica Nario, Arwen Thoman, Erin Morris, and Division Chief Glenn Kaplan. Very happy, This is by far the worse finance company I have ever dealt with. (arut) (Entered: 10/07/2021). 03/05/2021. VS MVCONNECT, LLC, ET AL. In Massachusetts, Exeter agreed to pay $4.7 million to harmed borrowers and $825,000 to the state. (Ellis, Bernie) (Entered: 11/11/2021), Docket(#5) Summons Issued as to Exeter Finance LLC, Primeritus Financial Services Inc. (Attachments: #1 Summons for Primeritus Financial Services, Inc.)(arut) (Entered: 10/07/2021), Docket(#3) Local Rule 26.01 Answers to Interrogatories by Jennifer Bradley. 4:20-CV-01517 | 2020-10-21. We will use this information to improve this page. Mailed notice(ef, ) (Entered: 10/19/2021), (#32) Notice of Settlement by Dennis J. Henderson as to Defendant Equifax Information Services, LLC (Plati, Michael) (Entered: 09/29/2021), (#31) MINUTE entry before the Honorable John F. Kness: Plaintiff has filed a stipulation of dismissal #30 explaining that the case has been voluntarily dismissed as against Defendant Experian Information Solutions, Inc. only. If a stipulation of dismissal is received before the next status hearing, the hearing will be stricken. "It's hurt me for a long time and I've been trying to recover from it," Mello said. The case status is Pending - Other Pending. Background . (Ellis, Bernie) (Entered: 12/03/2021), (#10) Local Rule 26.01 Answers to Interrogatories by Exeter Finance LLC. ## 38, 47). They have been giving me the run around. Attorney General Maura Healey is the chief lawyer and law enforcement officer of the Commonwealth of Massachusetts. Website: https://www.exeterfinance.com/ Avoid using your phone. This matter is being handled by AG Healeys Insurance and Financial Services Division. Both attorneys general offices also said the settlement is part of the offices' ongoing review of securitization practices in subprime auto lending industrywide. Melanie Matts. New Jerseys attorney general also sent its own subpoena to Credit Acceptance on Aug. 11, according to the company. AG Claims Company Misled Investors, Sold Unfair and Illegally High Interest Loans and Engaged in Illegal Debt Collection Practices. My experience with Exeter Right way Auto was great salesman was good,honest and straightforward and I found the car I enjoy and satisfied with I would tell others. Exeter Finance offers franchise dealership financing and subprime auto lending to credit-challenged customers. You can unsubscribe at any time through links in these emails. Our Standards: The Thomson Reuters Trust Principles. I. 3:21-CV-00109 | 2021-01-22, U.S. District Courts | Property | Exeter Finance offers franchise & independent dealership financing and subprime auto lending to credit-challenged customers. 227, which outlaws the use of automatic telephone dialing systems to call . Because the notice of dismissal was filed before the opposing party served either an answer or a motion for summary judgment, the case against Defendant Exeter Finance, LLC is dismissed without prejudice in accordance with the terms of the stipulation and by operation of Rule 41(a)(1)(A)(i) of the Federal Rules of Civil Procedure. Suggestions are presented as an open option list only when they are available. I have not received my title and they have not released it to Navy Federal and its be 5 months. The financial manager E.J. Each party is to bear its own fees and costs. 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. 20-10377 (5th Cir. Suggestions are presented as an open option list only when they are available. Follow these three steps: At Exeter, we focus on being a premier auto finance company and lender of choice known for its people, performance and service. Loan was processed and approved quickly and Im saving a bunch of money. If all Defendants have not yet been served or have not yet responded to requests to draft the required Joint Initial Status Report, Plaintiff must file the report on its own and must inform the Court of that circumstance. Haig Partners: Dealership consolidation trends, Haig Partners: Dealership valuation trends, Haig Partners: Dealership succession planning, Ally: Navigating the future of automotive retailing, Google: How a century-old brand is transforming the auto industry. The settlement follows several earlier accords that Healey struck in her subprime auto lending inquiry, including a $5.5 million accord in 2019 with Exeter Finance over alleged unfair loans and a $22 million deal with Santander in 2017. The settlements in Massachusetts and Delaware resulted from a joint investigation by the states attorneys general offices, the offices said in separate statements Monday. 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. (kmca) (Entered: 11/16/2021), Docket(#6) First MOTION for Extension of Time by Exeter Finance LLC. April 15, 2019 12:00 AM. Haig Partners: How are dealerships being valued today? (Ellis, Bernie) (Entered: 11/11/2021), (#9) ANSWER to #1 Complaint by Exeter Finance LLC. 2021-10-14, Los Angeles County Superior Courts | Other | Then donations poured in. 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 Solera | DealerSocket: Four real-time integrations that can save your dealership time, Solera | DealerSocket: Time for a new pre-owned pricing tactic, Kerrigan Advisors: Blue Sky Update Q4 2021, Qualcomm: Trading multi-year design cycles for on-demand features and experiences, Twitter: EV adoption is happeningin an unexpected place, Massachusetts Attorney General Maura Healey, Delaware Attorney General Kathleen Jennings. Massachusetts law only allows two debt-collection calls a day. The state is seeking relief for Massachusetts customers harmed by these alleged practices, as well as civil penalties and injunctive relief. Our consumer protection and debt collection laws, Settlement latest in Mass. A .mass.gov website belongs to an official government organization in Massachusetts. See here for a complete list of exchanges and delays. Exeter, we focus on being a premier finance company and lender of choice known for its All quotes delayed a minimum of 15 minutes. And the best part of all, documents in their CrowdSourced Library are FREE! Super great experience. Both a large subprime auto finance company and a state attorney general seemed pleased to announce a settlement between them that is involving more than $27 million. Top-requested sites to log in to services provided by the state. 6:20-CV-03418 | 2020-09-25, U.S. District Courts | Contract | Please limit your input to 500 characters. 2:22-CV-02197 | 2022-12-29, U.S. District Courts | Finance | I'm really thankful and appreciative. The Judge overseeing this case is Timothy M Cain. In Massachusetts, Exeter agreed to pay $4.7 million to harmed borrowers and $825,000 to the state. <link rel="stylesheet" href="styles.98190626566e8a97.css"> # 35). Poly-Med, Inc. v. Novus Scientific Pte. Response to Motion due by 11/29/2021. Entered at the direction of the Honorable Timothy M Cain on 11/16/21. Mass.gov is a registered service mark of the Commonwealth of Massachusetts. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. (kmca) (Entered: 11/16/2021), (#5) Summons Issued as to Exeter Finance LLC, Primeritus Financial Services Inc. (Attachments: #1 Summons for Primeritus Financial Services, Inc.)(arut) (Entered: 10/07/2021), (#3) Local Rule 26.01 Answers to Interrogatories by Jennifer Bradley. Mailed notice (ef, ) (Entered: 11/12/2021), (#34) REPORT of Rule 26(f) Planning Meeting by Dennis J. Henderson (Plati, Michael) (Entered: 11/02/2021), (#33) ORDER signed by the Honorable John F. Kness on 10/19/2021: Telephonic initial status hearing is set for 11/15/2021 at 10:00 AM. Our partnership with dealers, exceptional customer service and relationships have allowed us to make vehicle ownership a reality for many. Your APR can vary depending on several factors, such as your credit score. Financing is illegal if lenders do not have a basis for believing that customers will be able to repay loans as scheduled, the Massachusetts attorney general office said in a statement. Consumers with questions about settlement eligibility should contact AG Healeys Insurance and Financial Services hotline at 1-888-830-6277. 2:23-CV-00257 | 2023-02-24, U.S. District Courts | Finance | The company, which derives 92% of its revenues from finance charges, issued those high-interest loans to borrowers who struggled to repay them, causing them to suffer ruined credit, lose their cars and downpayments, and accumulate $9,000 in average debt, Healey alleged. 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.. Entered at the direction of the Honorable Timothy M Cain on 11/16/21. Case assignment: Random assignment. people, performance and service. 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. They really worked with me. Consistent with Rule 26(f) of the Federal Rules of Civil Procedure, the parties are directed to meet and conduct a planning conference in advance of the initial status hearing. Healey contends that while the company profited, contract holders experienced ruined credit, lost vehicles or down payments and were left with an average of approximately $9,000 of debt. 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. (Ellis, Bernie) (Entered: 12/03/2021), (#11) NOTICE of Appearance by David A Anderson on behalf of Exeter Finance LLC (Anderson, David) (Entered: 12/03/2021), Docket(#11) NOTICE of Appearance by David A Anderson on behalf of Exeter Finance LLC (Anderson, David) (Entered: 12/03/2021), Docket(#10) Local Rule 26.01 Answers to Interrogatories by Exeter Finance LLC. Macon v. Proud Ground Organization, et al. 48207-2997, Automotive News The complaint also alleges that Credit Acceptance has made high-interest subprime auto finance contracts with Massachusetts residents that the company knew customers would be unable to repay, in violation of state law. The stipulation is signed by both Plaintiff and Experian. To fund the loans, Credit Acceptance Corp packaged the loans into securities that were sold to investors. Defendant Exeter Finance LLC's answer due December 3, 2021. 2023-01-24, Escambia County Courts | Other | Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Shady, predatory company. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Defendant's motion for an extension #27 is dismissed as moot. I don't really appreciate being charged more in interest than I am paying for the car. "These were loans these customers couldn't afford to pay back, but they made them anyway," Healey said. This page is located more than 3 levels deep within a topic. They didnt have to call me for their payment that I paid on time for 12 months. Exeter also allegedly mishandled servicing and collecting activities in violation of the Attorney Generals debt collection regulations. Last year, Exeter Finance. P. 45. Allstate: Compliance standards are changing. See Nelson v. Napolitano, 657 F.3d 586, 587 (7th Cir. This companys loans put Massachusetts car buyers in economic danger, AG Healey said. Each party is to bear its own fees and costs. 1:21-CV-01488 | 2021-03-18, U.S. District Courts | Finance | <link rel="stylesheet" href="styles.98190626566e8a97.css"> For more information, visit www.nyc.gov/dca. In a separate settlement, the Delaware Department of Justice secured $2.9 million in consumer relief from Santander. This is the Exeter Finance company profile. 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 . (arut) (Entered: 10/07/2021), Docket(#1) COMPLAINT against Exeter Finance LLC, Primeritus Financial Services Inc, John Does I-X (Filing fee $402 receipt number 0420-10110894. The lender has also agreed to change its loan and debt collection practices,Healey said. On October 7, 2021, Brown initiated this lawsuit, P. 45. Consumers eligible for payments from todays settlement will be contacted by an independent trustee and the AGs Office. Please be aware Exeter makes no representations or warranties as to the content, accuracy or functionality of any third-party website or information linked to/from this page. Please select at least one newsletter to subscribe. Mailed notice (ef, ) (Entered: 09/23/2021), (#30) STIPULATION of Dismissal as to defendant Experian Information Solutions, Inc. (Plati, Michael) (Entered: 09/23/2021), (#29) MINUTE entry before the Honorable John F. Kness: Plaintiff has filed a notice of voluntary dismissal #27 explaining that the case has been voluntarily dismissed as against Defendant Exeter Finance, LLC only. Case Details Parties Documents Dockets was also awesome! The AGs Office worked collaboratively with the Delaware Attorney Generals Office on this investigation. Your life wouldnt be the same without a car. God bless yall. 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. Progressive Services, Inc. v. Flatline Roofing, LLC et al. Defendant's motion for an extension #27 is dismissed as moot. 2:23-CV-01357 | 2023-02-23, U.S. District Courts | Finance | Accordingly, the case against Defendant Experian Information Solutions, Inc. is dismissed with prejudice in accordance with the terms of the stipulation and by operation of Rule 41(a)(1)(A)(ii) of the Federal Rules of Civil Procedure. 2084CV01954. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. (Attachments: #1 Civil Cover Sheet)(Plati, Michael) (Entered: 06/17/2021), Los Angeles County Superior Courts | Other | In a separate cease and desist agreement in Delaware, Exeter agreed to pay $550,000 to affected customers and $50,000 to the state. No. 4:23-CV-00702 | 2023-02-24, U.S. District Courts | Finance | Summons for Primeritus Financial Services, Inc. (#6) First MOTION for Extension of Time by Exeter Finance LLC. Developed by Dave Branch Designs, Fla. Repo Shooter Appointed To Historical Commission, Subprime Auto Lender American Car Center Closes for Business, TitleMax Responds To CFPBs $15M Spanking. Call us today at 312-300-5996 for a free consultation. Exeter will also waive deficiencies on certain subprime loans and will ask the major credit bureaus to wipe all trade lines for involved subprime loans on consumers credit reports. Phone number: (800) 321-9637. 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. Cases involving consumer credit violations, 371, 480, 1371, 1480, 2371, 2480, 3371, 3480, 4371, 4480, 5371, Truth in Lending Act (TILA) - 15 USC 1601-1667 3:20-CV-02059 | 2020-11-27, U.S. District Courts | Contract | I refinanced my car and requested my title to be released to Navy Federal. "This company's loans put Massachusetts car buyers in economic danger," Healey said in the statement. Both states say the loans violated state law. Both attorneys general said their offices will continue to investigate subprime lenders to protect borrowers in their states. Subprime auto lender Exeter Finance has agreed to pay more than $6 million in two states for financing . Todays settlement with Exeter provides millions of dollars in relief and repairs damaged credit. Then try to tell you that you owe them more money even though you dont. 2011) (Rule 41(a)(1)(A) notice of dismissal "is self-executing and effective without further action from the court"). Then on Aug. 11, yet another subpoena from Marylands AG was received by Credit Acceptance, which said in the SEC filing that it most of the requests contained in the previous subpoenas, making additional requests, as well as expanding the inquiry to include 39 other states, including: Alabama, Alaska, Arizona, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Michigan, Minnesota, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington and Wisconsin along with the District of Columbia. The industry leader for online information for tax, accounting and finance professionals. (arut) (Entered: 10/07/2021), (#1) COMPLAINT against Exeter Finance LLC, Primeritus Financial Services Inc, John Does I-X (Filing fee $402 receipt number 0420-10110894. The stipulation is signed by both Plaintiff and Experian. ", More:'$1 billion problem': Organized retail theft is big business in Massachusetts. Add an additional 3 days only if served by mail or otherwise allowed under Fed. No proposed order. The feedback will only be used for improving the website. After being red, Bihn Hoa Le sued Exeter Finance Corporation and Exeter's parent company, Enzo Parent, L.L.C, for breach of contract, fraud, and . 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. The only thing I would do differently is under auto pay give people a chance to split their payments biweekly. (Attachments: #1 Civil Cover Sheet)(Plati, Michael) (Entered: 06/17/2021). Haig: Buy-Sell Q&A: What is the value of an M&A advisor? Mailed notice (ef, ) (Entered: 11/12/2021), Docket(#34) REPORT of Rule 26(f) Planning Meeting by Dennis J. Henderson (Plati, Michael) (Entered: 11/02/2021), Docket(#33) ORDER signed by the Honorable John F. Kness on 10/19/2021: Telephonic initial status hearing is set for 11/15/2021 at 10:00 AM. Designated as Magistrate Judge the Honorable Jeffrey Cole. A lock icon ( JM&A Group, Easycare, Assurant: Unlocking new opportunities in F&I with digital retailing, Kerrigan Advisors: Interview with Baxter Auto Group, Kerrigan Advisors: Interview with Hitchcock Automotive, OEC: How to understand what customers are saying when theyre not saying it, PACE: Electrification Technology: Once the supply chain gets over the shock, EVs offer opportunities, Pace Program Navigating advanced driver-assistance systems, Phone Ninjas: 5 Reasons you need to use phone scripts for your dealership, REYNOLDS & REYNOLDS: Creating great retail customer experiences, REYNOLDS AND REYNOLDS: Are you ready for the FTC Safeguard Rule changes? Copyright Repo.Buzz All rights reserved. Take a ride with us. Our team is integral to our success. Shekevia Brown responded on January 17, 2022, and Exeter filed a reply on January 27, 2022. Share sensitive information only on official, secure websites. See more newsletter options at autonews.com/newsletters. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. 34 in accordance with its terms, subject to the attorney's lien held by Lemberg Law in the amount of . Within 45 minutes of applying for a car I was approved! Credit Acceptances legal team is facing a host of challenges from state attorneys general nowadays. The complaint, filed in Suffolk Superior Court, alleges that since 2013, Credit Acceptance failed to inform investors that the company topped off the pools of loans that they packaged and securitized with higher-risk loans, despite claiming otherwise in disclosures to investors. 1:21-CV-00828 | 2021-02-12, U.S. District Courts | Finance | 2021-10-28, Los Angeles County Superior Courts | Personal Injury | Please let us know how we can improve this page. Massachusetts had settled with the lender in 2015. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Top-requested sites to log in to services provided by the state. Interest rates too high, terrible customer service, they are not there to help you, basically mess your credit up, dont give a rats a$$ about situations and arent reliable. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? Please limit your input to 500 characters. If you would like to continue helping us improve Mass.gov, join our user panel to test new features for the site. 1:22-CV-04997 | 2022-12-19, U.S. District Courts | Finance | Because the notice of dismissal was filed before the opposing party served either an answer or a motion for summary judgment, the case against Defendant Exeter Finance, LLC is dismissed without prejudice in accordance with the terms of the stipulation and by operation of Rule 41(a)(1)(A)(i) of the Federal Rules of Civil Procedure. Today, the Delaware Attorney Generals Office has also entered into a settlement with Exeter. Is there a lawsuit against Exeter Finance? Heres what you need to know. How can you get Exeter Finance off your credit report? More than 3,000 borrowers in Massachusetts could be eligible to receive money under a $27.2 million settlement Attorney General Maura Healey announced Wednesday with Credit Acceptance Corp to. (Doc. That's it. I hope they go out of business. On Wednesday, Credit. Filing fee $ 402, receipt number 0752-18366584. Under the settlement, thousands of borrowers who received auto loans through Credit Assistance could be eligible for reimbursements or debt relief. This case was filed in U.S. District Courts, South Carolina District Court. Everyone was really kind and my salesperson (Jeff) was so attentative and patient! Both states say the loans violated state law. Why is this public record being published online? Credit Acceptance Corp did not admit wrongdoing as part of the settlement. Attorney at Richardson Plowden and Robinson (Cola). Use this button to show and access all levels. Our dealers enjoy personalized service from dedicated buyers and funders who help them find the right financing solutions for their customers. Why is this public record being published online? Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news thats vital to your business.