Company: CPSS
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007815
Chunk: 36

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 36
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extensions of credit is a primary consideration on the part of the Board. Risk oversight is also a key function of the Audit Committee
and Compensation Committee.

The principal risk management function performed by the Audit Committee
is the ongoing assessment of the credit estimates and allowances periodically recorded in the Company’s books. The Audit Committee
reviews that assessment regularly. Other risk assessments performed by the Audit Committee include assessments of contingent liabilities,
and of other reserves and allowances.

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The principal risk management functions performed by the Compensation Committee
are its setting and evaluation of objectives for the Chief Executive Officer, in connection with its administration of the Executive Management
Bonus Plan. The Compensation Committee recognizes that the Company’s business of extending subprime credit inherently includes a
conflict between growing the business and managing the risk of credit losses: one means to increase the Company’s business is to
offer credit on terms that are priced too low for the risk assumed. The Compensation Committee manages that risk by insisting that objectives
to grow the business are qualified by a mandate that credit quality be maintained at appropriate levels. To some extent, such risk management
is shared with the Audit Committee, which performs the primary oversight of whether credit risk assumed is reflected with adequate allowances
in the Company’s financial statements.

Code of Ethics

The Company has adopted a Code of Ethics for Senior Financial Officers,
which applies to the Company’s Chief Executive Officer, Chief Financial Officer, Controller and others. A copy of the Code of Ethics
may be obtained at no charge by written request to the Secretary of the Company at the Company’s principal executive offices.

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<div align='center'>EXECUTIVE COMPENSATION</div>

Executive Officers

Set forth below are the names, ages, offices held, tenure, and certain
biographical information of each of our executive officers as of October 23, 2025:

Charles E. Bradley, Jr., 65, has been our Chief Executive Officer
since January 1992, a director since our formation in March 1991, and was elected Chairman of the Board of Directors in July 2001. Prior
to that he was our President from March 1991 to December 2022. From April 1989 to November 1990, he served as Chief Operating Officer
of Barnard and Company, a private investment firm. From September 1987 to March 1989, Mr. Bradley was an associate of The Harding
Group, a private investment banking firm. Mr. Bradley does not currently serve on the