Consumer Portfolio Services shares fall 4.08% intraday after UK Supreme Court ruling on auto finance commission payments.

Consumer Portfolio Services, Inc. declined 4.08% in intraday trading. The company announced a new retail financing program in collaboration with Wells Fargo Commercial Distribution Finance, LLC and top OEMs, which could enhance operating efficiency and cash flow conversion. However, the Supreme Court's partial ruling in favor of lenders in an auto finance commission case may have raised concerns about potential exposure and regulatory risks, contributing to the stock's decline.