On December 19, the New York Department of Financial Services announced a recent settlement with a Long Island-based auto lender to resolve allegations of violations of several consumer protection laws including the DFA, TILA, NY Banking Law, and NY Financial Services Law. According to the consent judgment, the Defendants allegedly (i) failed to notify consumers who made overpayments on their accounts; (ii) miscalculated the interest charged to customers; and (iii) endangered the security of its customer information by leaving loan files openly around common areas. As part of the settlement, the auto dealer must (i) pay $3 million in penalties; (ii) pay full restitution plus nine percent interest to all affected customers; (iii) liquidate all remaining loans; and (iv) surrender its licenses in all states.