Consumer complaint received 2025-06-12 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Information belongs to someone else
Company: Consumer Portfolio Services, Inc.
State: FL

Complaint narrative:
Consumer Financial Protection Bureau XXXX. XXXX XXXX XXXX  XXXX XXXX  XXXX RE : Formal Complaint Submission - Auto Loan Securitization Violations, Credit Reporting Errors, and GAP Refund Disputes Dear CFPB Officer, I am submitting a formal complaint and evidence package regarding significant violations committed by XXXX XXXX XXXX XXXX XXXX, XXXX XXXX XXXX, XXXX, and their associated trusts and servicers in relation to my auto loan account. 
Attached you will find : XXXX. A master dispute letter outlining all legal violations and consumer harm. 
XXXX. A supporting spreadsheet documenting specific statutes violated ( TILA, FCRA, FDCPA, UCC, GAAP, IRS Code, SEC regulations, etc. ). 
XXXX. A legal reference packet with links to all cited laws and federal enforcement rules. 
XXXX. Exhibits including my affidavit, correspondence, and public filings showing the loan was securitized, GAP coverage denied, and incorrect credit data reported. 
This matter involves : - Failure to disclose loan transfer or ownership change - Refusal to refund unearned GAP insurance - Ongoing inaccurate credit reporting - Lack of IRS compliance with 1099-C/A documentation - Unauthorized collection after securitization and derecognition I respectfully request the CFPB open a formal investigation, enforce federal consumer protections, and order correction, refunds, and reporting updates as applicable. 
Please confirm receipt of this submission and notify me of any follow-up needed. 

I, XXXX XXXX XXXX, am submitting this formal dispute concerning the alleged auto loan obligation connected to my name. I believe my consumer, tax, and legal rights have been violated based on federal statutes, reporting regulations, and financial standards. I assert the following violations for which I demand immediate redress : The following laws have been potentially violated : XXXX. Truth in Lending Act ( 15 U.S.C. 1601 ) - failure to disclose loan sale/securitization and GAP refund denial. 
XXXX. Fair Debt Collection Practices Act ( 15 U.S.C. 1692 ) - attempting collection without verification or legal standing. 
XXXX. Fair Credit Reporting Act ( 15 U.S.C. 1681s-2 ) - furnishing inaccurate credit data after dispute or discharge. 
XXXX. Uniform Commercial Code ( UCC 9-210, 3-305 ) - failure to provide debt ownership proof or accounting. 
XXXX. GAAP ASC 860 - misreporting loan as owned after derecognition due to sale or securitization. 
XXXX. SEC Rule 10b-5 - fraudulent reporting or omissions in securitization filings. 
XXXX. IRS 26 U.S.C. 6050P - failing to issue required 1099-C/A after debt discharge or sale. 
XXXX. Consumer Financial Protection Act ( 12 U.S.C. 5531 ) - engaging in unfair/deceptive/abusive acts. 
XXXX. FTC Act ( 15 U.S.C. 45 ) - engaging in deceptive or misleading conduct regarding the debt. 
XXXX. Servicemembers Civil Relief Act ( 50 U.S.C. 3901 ) - if applicable, violation of protections against repossession and enforcement. 
XXXX. XXXX XXXX Compliance - inaccurate credit tradeline reporting post-securitization. 
I am demanding : - Full proof of ownership and chain of title, - Disclosure of any securitization or pooling agreement, - Issuance of IRS forms ( 1099-A/1099-C ) if debt was sold/cancelled, - Refund of unused GAP fees and all overcharges, - Immediate correction of credit reporting errors, - Full cease and desist of collection efforts without proper verification

Company response to consumer: Closed with explanation