P. 6 or Fed. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 3:21-CV-00109 | 2021-01-22, U.S. District Courts | Property | Delaware and Massachusetts previously partnered to crack down on deceptive subprime auto lending. The Judge overseeing this case is John F. Kness. 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. Please remove any contact information or personal data from your feedback. 2:23-CV-00294 | 2023-02-24, U.S. District Courts | Property | dealers enjoy personalized service from dedicated buyers and funders who help them find the right financing 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. 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 See here for a complete list of exchanges and delays. Under the settlement, thousands of borrowers who received auto loans through Credit Assistance could be eligible for reimbursements or debt relief. 2023Exeter Finance LLC. Case assignment: Random assignment. Designated as Magistrate Judge the Honorable Jeffrey Cole. ## 38, 47). "These were loans these customers couldn't afford to pay back, but they made them anyway," Healey said. 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. 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. A more recent docket listing may be available from PACER . Fair Debt Collection Practices Act (FDCPA) - 15 USC 1692, (#26) ANSWER to Complaint and Affirmative and Other Defenses by Equifax Information Services, LLC(Stanzick, Jasmine) (Entered: 08/30/2021), (#8) MOTION by Defendant Experian Information Solutions, Inc. for extension of time to file answer (Unopposed) (Salvi, Mackenzie) (Entered: 07/14/2021), (#7) NOTIFICATION of Affiliates pursuant to Local Rule 3.2 by Experian Information Solutions, Inc. (Salvi, Mackenzie) (Entered: 07/14/2021), (#6) ATTORNEY Appearance for Defendant Experian Information Solutions, Inc. by Mackenzie Renee Salvi (Salvi, Mackenzie) (Entered: 07/14/2021), (#5) SUMMONS Returned Executed by Dennis J. Henderson as to Exeter Finance, LLC on 6/28/2021, answer due 7/19/2021. The feedback will only be used for improving the website. And then on Monday, the Massachusetts attorney general ramped up the legal activities with a lawsuit against Credit Acceptance for allegedly the company provided unfair and deceptive auto financing to thousands of Massachusetts consumers, providing investors with false or misleading information regarding auto securities they offered and engaging in unfair debt collection practices. Defendant Exeter Finance LLC's answer due December 3, 2021. Car Wars: Is a Rise in Service Leading to Poor Customer Satisfaction? 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. 3:2014cv04007 - Document 39 (N.D. Tex. If you do not agree with these terms, then do not use our website and/or services. Suggestions are presented as an open option list only when they are available. Concentrix: How can customer data drive a better automotive CX? In a separatecease and desist agreementin Delaware, Exeter agreed to pay $550,000 to affected customers and $50,000 to the state. 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. Todays settlement with Exeter provides millions of dollars in relief and repairs damaged credit. I have not received my title and they have not released it to Navy Federal and its be 5 months. Your APR can vary depending on several factors, such as your credit score. Our office will continue to investigate the subprime lenders, financiers, and securitizers, and protect consumers.. Very happy, This is by far the worse finance company I have ever dealt with. If a stipulation of dismissal is received before the next status hearing, the hearing will be stricken. (Reuters) - Credit Acceptance Corp, one of the largest U.S. subprime auto lenders, has agreed to pay $27.2 million to resolve claims by Massachusetts' attorney general that it misled investors and made high-interest loans to borrowers that it knew they would be unable to repay. 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. 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. 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. consumer protection and debt collection laws, Settlement latest in Mass. Share sensitive information only on official, secure websites. people, performance and service. (arut) (Entered: 10/07/2021), U.S. District Courts | Finance | ISSN 2576-1072 (online), Missed payments? GAP Insurance | Buy from dealer or Insurance company? IRVING, Texas - June 28, 2021 - Exeter Finance LLC, a leading indirect auto finance company, announced today that it has entered into a definitive agreement to be acquired by an investor group led by Warburg Pincus from funds managed by Blackstone (NYSE:BX). Both attorneys general said their offices will continue to investigate subprime lenders to protect borrowers in their states. Does Exeter finance report to credit bureau? If you do not agree with these terms, then do not use our website and/or services. 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. The case is Commonwealth of Massachusetts v. Credit Acceptance Corporation, Suffolk County Superior Court, No. Have an opinion about this story? AG Claims Company Misled Investors, Sold Unfair and Illegally High Interest Loans and Engaged in Illegal Debt Collection Practices. 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. Case Details Parties Documents Dockets (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. Mailed notice (ef, ) (Entered: 09/03/2021), Docket(#28) NOTICE of Voluntary Dismissal by Dennis J. Henderson as to Defendant Exeter Finance, LLC (Plati, Michael) (Entered: 08/31/2021), Docket(#27) MOTION by Defendant Exeter Finance, LLC for extension of time to file answer regarding complaint #1 (UNOPPOSED) (Ritchie, Alan) (Entered: 08/30/2021), Docket(#26) ANSWER to Complaint and Affirmative and Other Defenses by Equifax Information Services, LLC(Stanzick, Jasmine) (Entered: 08/30/2021), Docket(#8) MOTION by Defendant Experian Information Solutions, Inc. for extension of time to file answer (Unopposed) (Salvi, Mackenzie) (Entered: 07/14/2021), Docket(#7) NOTIFICATION of Affiliates pursuant to Local Rule 3.2 by Experian Information Solutions, Inc. (Salvi, Mackenzie) (Entered: 07/14/2021), Docket(#6) ATTORNEY Appearance for Defendant Experian Information Solutions, Inc. by Mackenzie Renee Salvi (Salvi, Mackenzie) (Entered: 07/14/2021), Docket(#5) SUMMONS Returned Executed by Dennis J. Henderson as to Exeter Finance, LLC on 6/28/2021, answer due 7/19/2021. See Nelson v. Napolitano, 657 F.3d 586, 587 (7th Cir. Finally, one place to get all the court documents we need. COURTNEY CARR, ET AL. We will use this information to improve this page. To inform and empower current and future business leaders by providing the insights, knowledge and connections they need to thrive in a rapidly changing industry. Last year, Exeter Finance. Consumers eligible for payments from todays settlement will be contacted by an independent trustee and the AGs Office. COURTNEY CARR, ET AL. 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.. Everyone was really kind and my salesperson (Jeff) was so attentative and patient! "This company's loans put Massachusetts car buyers in economic danger," AG Healey said. The Judge overseeing this case is Timothy M Cain. 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. In its statement, the Massachusetts attorney general's office also accused Exeter of violating debt collection regulations through mishandling servicing and collection of auto loans. Public Records Policy. 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Why is this public record being published online? The stipulation is signed by both Plaintiff and Experian. The state is seeking relief for Massachusetts customers harmed by these alleged practices, as well as civil penalties and injunctive relief. 2:23-CV-00293 | 2023-02-24, U.S. District Courts | Finance | 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. Exeter, we focus on being a premier finance company and lender of choice known for its 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. Visit Exeter 8:20-CV-01048 | 2020-03-13, U.S. Courts Of Appeals | Contract | "This company's loans put Massachusetts car buyers in economic danger," Healey said in the statement. 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. Please let us know how we can improve this page. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. 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. NISSAN: 2022 Pathfinder and 2022 Frontier, APCO HOLDINGS: Strategies for handling new F&I dynamics. In a separate settlement, the Delaware Department of Justice secured $2.9 million in consumer relief from Santander. 3:21-CV-00494 | 2021-04-01, U.S. District Courts | Civil Right | 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. A lawsuit has been filed against national auto lender Credit Acceptance Corporation (CAC) for allegedly making unfair and deceptive auto loans to thousands of Massachusetts consumers, providing investors with false or misleading information regarding auto securities they offered, and engaging in unfair debt collection practices, Attorney General Maura Healey announced today. In its statement, the Massachusetts attorney generals office also accused Exeter of violating debt collection regulations through mishandling servicing and collection of auto loans. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, 2011) (Rule 41(a)(1)(A) notice of dismissal "is self-executing and effective without further action from the court"). 1155 Gratiot Avenue (Attachments: #1 Civil Cover Sheet)(Plati, Michael) (Entered: 06/17/2021), Los Angeles County Superior Courts | Other | Exeter, headquartered in Irving, Texas, is a Delaware limited liability company. No. On Wednesday, Credit. Then try to tell you that you owe them more money even though you dont. Rivera is not the only one suffering from Exeter's vexatious robocalls, so he sought to bring a class action lawsuit pursuant to the Telephone Consumer Protection Act, 47 U.S.C. Please limit your input to 500 characters. This lawsuit is part of AG Healey's review of securitization practices in the subprime auto marketan industry-wide investigation that remains ongoing. Thank you for your website feedback! They constantly run your account even if you call in to stop your payment. Exeter Finance Hit With $6 Million Payout Subprime auto lender Exeter Finance has agreed to pay more than $6 million in two states for financing auto loans that the lender knew or should have known were unfair. I have had to miss work to take care of this 5 different trips to the DMV with the wrong paperwork that they have sent me. 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. 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. I hope they go out of business. Progressive Services, Inc. v. Flatline Roofing, LLC et al. Previously, the AGs Officesecured$22 million from Santander for its role in financing subprime auto loans for Massachusetts residents. 1:22-CV-00369 | 2022-05-12, San Diego County Superior Courts | Small Claim | Massachusetts Attorney General Maura Healey, who has been conducting an industry-wide investigation of loan securitization practices in the subprime auto market, on Wednesday called the settlement the largest of its kind with a subprime auto lender. Mitchell v. Experian Information Solutions, Inc. Denos v. First Northern Credit Union et al, Henderson v. Equifax Information Services, LLC et al. '$1 billion problem': Organized retail theft is big business in Massachusetts, Your California Privacy Rights / Privacy Policy. Both states say the loans violated state law. 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. Plaintiff . 20-1031 (10th Cir. Marshfield mom tried to raise money for a wheelchair ramp. Exeter Finance LLC et al Case Summary On 10/05/2021 Bradley filed a Finance - Consumer Credit lawsuit against Exeter Finance LLC. A lock icon ( The fact of giving someone a chance to get a vehicle with their credit low was an amazing start. 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. Melanie Matts. <link rel="stylesheet" href="styles.98190626566e8a97.css"> She said many of the consumers hurt by those lending practices livein cities including Springfield, Boston, Worcester and Brockton. 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. We work with thousands of franchised and independent dealers nationwide to make vehicle ownership possible for everyone. People Get Where They Want To Go. Heres the next step in their evolution, Champ: The history of titling and the cost of human error. Our customers can access account information 24/7 via their MyAccount page or by calling customer service at (800) 321-9637, Mon.-Fri. from 8 a.m.-7 p.m. or Sat. Exeter Finance Reviews | Read Customer Service Reviews of exeterfinance.com Money & Insurance Investments & Wealth Non-Bank Financial Service Exeter Finance Exeter Finance Reviews 4,743 Great 4.2 VERIFIED COMPANY exeterfinance.com Visit this website Filter Sort: Most relevant TS Telicia Simon 1 review US 10 hours ago Verified For Massachusetts: Glenn Kaplan of the Massachusetts Attorney General's Office, For Credit Acceptance Corp: James Carroll, Patrick Rideout and Anand Raman of Skadden, Arps, Slate, Meagher & Flom, Santander to pay $25.9 million to resolve subprime auto loan probes. Poly-Med, Inc. v. Novus Scientific Pte. Our 2 . Plus, some of our clients also receive debt relief and cleaned-up credit reports. 34 in accordance with its terms, subject to the attorney's lien held by Lemberg Law in the amount of . "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. 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Public Records Policy. Worst company I ever financed with. Subprime auto lender Exeter Finance has agreed to pay more than $6 million in two states for financing auto loans that the lender knew or should have known were unfair. Fair Credit Reporting Act (FCRA) - 15 USC 1681 As your new partner in vehicle ownership, were committed to helping you drive toward a bright future. The parties are to use the following call-in number: 888-684-8852, conference code 3796759. 2022-12-30, U.S. District Courts | Contract | Suggestions are presented as an open option list only when they are available. 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. Finance. The public and media representatives may have access to the hearing via the same number. See here for a complete list of exchanges and delays. In 2021, those steps include: . Other regulators including the Consumer Finance Protection Bureau and New York Department of Financial Services have conducted similar investigations in recent years. ISSN 1557-7686 (online), Fixed Ops Journal 2020) Annotate this Case. Consumers with questions about settlement eligibility should contact AG Healeys Insurance and Financial Services hotline at 1-888-830-6277. You have nothing to lose! The parties are to use the following call-in number: 888-684-8852, conference code 3796759. 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. Response to Motion due by 11/29/2021. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. This company suck. If a stipulation of dismissal is received before the next status hearing, the hearing will be stricken. Sign up and get the best of Automotive News delivered straight to your email inbox, free of charge. P. 45. The deal resolves a lawsuit that Healey filed in Suffolk County Superior Court in August that accused the Southfield, Michigan-based company of violating state consumer protection and debt collection laws and regulations. Ltd. If you need to contact Exeter, you may call us at our main telephone number (toll free): (800) 321-9637. They have been giving me the run around. See Nelson v. Napolitano, 657 F.3d 586, 587 (7th Cir. (#35) MINUTE entry before the Honorable John F. Kness: In their joint initial status report #34 , the parties explain that they "have completed their settlement documentation and anticipate that they will complete the settlement and file a Stipulation of Dismissal by November 30, 2021." All of this was set out in the contract, to which Murphy agreed by affixing his signature. I hope they go out of business, You cant use multiple cards when trying to pay bill n customer service rude, The rates are too high but I do appreciate them for financing my new vehicle, The truck has many problems with it and we have a service appointment to have all the problems fix, Interest rates are to take advantage of people down on there luck.so if u thinking by helping me out by paying three times what a car is worth, forcing me to pay extra for gap insurance so I don't get fed forever is a favor and u want a superb mark, your nuts. 2015) Court Description: MEMORANDUM OPINION AND ORDER: Accordingly, it is ordered that Parker and Exeter shall perform the Settlement Agreement contained at ECF Doc. Both states say the. This is the Exeter Finance company profile. If you need assistance, please Contact the Attorney General's Office at (617) 727-2200. (arut) (Entered: 10/07/2021). Exeter Finance offers franchise dealership financing and subprime auto lending to credit-challenged customers. Both attorneys general said their offices will continue to investigate subprime lenders to protect borrowers in their states. Both states say the loans violated state law. ISSN 2576-1064 (print) quantum meruit. Subprime auto lender Exeter Finance has agreed to pay more than $6 million in two states for financing auto loans that the lender knew or should have known were unfair. (Plati, Michael) (Entered: 07/08/2021), SUMMONS Issued as to Defendants Equifax Information Services, LLC, Exeter Finance, LLC, Experian Information Solutions, Inc. (crl, ) (Entered: 06/25/2021), (#3) ATTORNEY Appearance for Plaintiff Dennis J. Henderson by Syed Haseeb Hussain (Hussain, Syed) (Entered: 06/17/2021), CASE ASSIGNED to the Honorable John F. Kness. (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. TYRONE CANADY VS COASTLINE RECOVERY SERVICES, INC., ET AL. Please remove any contact information or personal data from your feedback. Why is this public record being published online? On December 29, 2016, Murphy filed suit against Exeter alleging that Exeter demanded, charged, and/or received usurious interest. In a separate cease and desist agreement in Delaware, Exeter agreed to pay $550,000 to affected customers and $50,000 to the state. Contact the Attorney General's Office at (617) 727-2200, AG Healey Secures $5.5 Million for Consumers, State in Subprime Auto-loan Settlement.