BENSALEM, Pa. -- (Business Wire)

Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Consumer Portfolio Services, Inc. (“CPSS” or the “Company”) (NASDAQ:CPSS) concerning possible violations of federal securities laws. The investigation is focused on the Company’s operations and financial prospects.

CPSS operates in the United States as a specialty finance company that purchases and services retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks and passenger vans. The Company provides an alternative source of financing for dealers, to facilitate sales to customers who might not be able to obtain financing from commercial banks, credit unions or other finance companies. The investigation is related to the Company’s disclosure in a regulatory filing that on January 14, 2015, the Company received a civil investigative subpoena from the U.S. Department of Justice, pursuant to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. According the Company, the subpoena directs CPSS “to produce documents relating to our subprime automotive finance and related securitization activities.”

If you purchased CPSS securities, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

Contacts:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Source: Law Offices of Howard G. Smith