FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * RIEDL ROBERT E   2. Issuer Name and Ticker or Trading Symbol CONSUMER PORTFOLIO SERVICES INC [CPSS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive Vice President (Last) (First) (Middle) 19500 JAMBOREE ROAD 3. Date of Earliest Transaction (Month/Day/Year) 04/08/2015 (Street) IRVINE, CA 92612 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price common stock, no par value 04/08/2015   M   40,000 A $ 1.5 42,000 D   common stock, no par value 04/08/2015   M   20,000 A $ 1.5 62,000 D   common stock, no par value 04/08/2015   M   40,000 A $ 1.5 102,000 D   common stock, no par value 04/08/2015   M   10,000 A $ 1.5 112,000 D   common stock, no par value 04/08/2015   M   20,000 A $ 1.5 132,000 D   common stock, no par value 04/08/2015   M   20,000 A $ 1.5 152,000 D   common stock, no par value 04/08/2015   M   60,000 A $ 0.77 212,000 D   common stock, no par value 04/08/2015   M   20,000 A $ 1.81 232,000 D   common stock, no par value 04/08/2015   M   30,000 A $ 1.03 262,000 D   common stock, no par value 04/08/2015   M   60,000 A $ 0.95 322,000 D   common stock, no par value 04/08/2015   M   21,600 A $ 1.2 343,600 D   common stock, no par value 04/08/2015   M   5,600 A $ 1.94 349,200 D   common stock, no par value 04/08/2015   F   60,857 D $ 7.1 288,343 D   common stock, no par value 04/08/2015   G   286,343 D $ 0 2,000 D   common stock, no par value 04/08/2015   G   286,343 A $ 0 452,679 I The Riedl Family Trust

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Underlying Securities (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$ 1.5	04/08/2015		M			40,000	06/10/2010	04/29/2015	Common Stock, no par value	40,000	(1)	0	D
Stock Option (right to buy)	$ 1.5	04/08/2015		M			20,000	06/10/2010	12/30/2015	Common Stock, no par value	20,000	(1)	0	D
Stock Option (right to buy)	$ 1.5	04/08/2015		M			40,000	(2)	10/25/2016	Common Stock, no par value	40,000	(1)	0	D
Stock Option (right to buy)	$ 1.5	04/08/2015		M			10,000	(3)	02/27/2017	Common Stock, no par value	10,000	(1)	0	D
Stock Option (right to buy)	$ 1.5	04/08/2015		M			20,000	(4)	07/30/2017	Common Stock, no par value	20,000	(1)	0	D
Stock Option (right to buy)	$ 1.5	04/08/2015		M			20,000	(5)	01/30/2018	Common Stock, no par value	20,000	(1)	0	D
Stock Option (right to buy)	$ 0.77	04/08/2015		M			60,000	(6)	05/13/2019	Common Stock, no par value	60,000	(1)	0	D
Stock Option (right to buy)	$ 1.81	04/08/2015		M			20,000	(7)	04/27/2020	Common Stock, no par value	20,000	(1)	5,000	D
Stock Option (right to buy)	$ 1.03	04/08/2015		M			30,000	(8)	06/03/2021	Common Stock, no par value	30,000	(1)	20,000	D
Stock Option (right to buy)	$ 0.95	04/08/2015		M			60,000	(9)	11/23/2021	Common Stock, no par value	60,000	(1)	40,000	D
Stock Option (right to buy)	$ 1.2	04/08/2015		M			21,600	(10)	04/03/2022	Common Stock, no par value	21,600	(1)	14,400	D
Stock Option (right to buy)	$ 1.94	04/08/2015		M			5,600	(11)	07/16/2022	Common Stock, no par value	5,600	(1)	8,400	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
RIEDL ROBERT E 19500 JAMBOREE ROAD IRVINE, CA 92612			Executive Vice President

Signatures

/s/ Robert E. Riedl		04/10/2015
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Issued in consideration of the named person's service as an officer of the issuer.
(2)	Became exercisable as to 24,000 shares on June 10, 2010, and in cumulative further installments of 8,000 shares each on October 25 of 2010 and 2011.
(3)	Became exercisable as to 6,000 shares on June 10, 2010, and in cumulative further installments of 2,000 shares each on February 27 of 2011 and 2012.
(4)	Became exercisable as to 8,000 shares on June 10, 2010, and in cumulative further installments of 4,000 shares each on July 30 of 2010, 2011 and 2012.
(5)	Became exercisable as to 8,000 shares on June 10, 2010, and in cumulative further installments of 4,000 shares each on January 30 of 2011, 2012 and 2013.
(6)	Became exercisable in cumulative installments of 12,000 shares each on May 13 of 2010, 2011, 2012, 2013 and 2014.
(7)	Becomes or became exercisable in cumulative installments of 5,000 shares each on April 27 of 2011, 2012, 2013, 2014 and 2015.
(8)	Becomes or became exercisable in cumulative installments of 10,000 shares each on June 3 of 2012, 2013, 2014, 2015 and 2016.
(9)	Becomes or became exercisable in cumulative installments of 20,000 shares each on November 23 of 2012, 2013, 2014, 2015 and 2016.
(10)	Becomes or became exercisable in cumulative installments of 7,200 shares each on April 3 of 2013, 2014, 2015, 2016 and 2017.
(11)	Becomes or became exercisable in cumulative installments of 2,800 shares each on July 16 of 2013, 2014, 2015, 2016 and 2017.

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