On December 2, 2022, Consumer Portfolio Services, Inc. (the “Company”) appointed Michael T. Lavin as its President. Mr. Lavin, 50, has been the Company's Chief Legal Officer since March 2014 and Chief Operating Officer since February 2019 and continues in those roles. Previously, he was the Company's Executive Vice President since March 2014, Senior Vice President – General Counsel since March 2013, Senior Vice President and Corporate Counsel since May 2009, and Vice President – Legal since joining the Company in November of 2001.

On December 2, 2022, Charles E. Bradley stepped down as President. Mr. Bradley will remain Chief Executive Officer of the Company and Chairman of the Board.