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Violation Tracker Individual Record

Company: Americredit Financial Services, Inc., dba GM Financial
Current Parent Company: General Motors
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $1,800,000
Year: 2022
Date: March 7, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Americredit Financial Services, Inc., dba GM Financial agreed to pay more than $1.8 million to resolve allegations that the company's business practices violated Massachusetts state consumer protection laws by failing to pay interest after delays in providing refunds of Guaranteed Asset Protection enrollment fees and failed to provide sufficient information to certain consumers after repossessing their vehicles.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
HQ Country of Current Parent: USA
HQ State of Current Parent: Michigan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: motor vehicles
Specific Industry of Current Parent: motor vehicles
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.