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CFPB says Westlake, Wilshire engaged in illegal debt collection ploys

Companies ordered to pay auto customers $44.1 million
UPDATED: 10/1/15 11:07 pm ET - adds statement |

The Consumer Financial Protection Bureau accused Westlake Financial Services and Wilshire Consumer Credit, its auto title lending subsidiary, of illegal debt collection ploys, including extending loan terms without permission and failing to disclose loans' annual percentage rates.