I think in this setting $x_n \to 0$ is true. I consider $m=1$ (the case $m > 1$ works similar but is a bit more technical). First note that $f(x)=\alpha x$ for some $\alpha \in (-1,1)$. Fixing $x_0 \in \mathbb{R}$ we have
$$
x_{n+1} = \alpha^{n+1}x_0 + \sum_{k=0}^n \alpha^kc_{n-k}.
$$
Triangle inequality gives
$$
|x_{n+1}| \le |\alpha|^{n+1}|x_0| + \sum_{k=0}^n |\alpha|^k |c_{n-k}|.
$$
Thus, it is sufficient to prove
$$
(\ast) \quad \sum_{k=0}^n |\alpha|^k |c_{n-k}| \to 0 \quad (n \to \infty).
$$
As $(c_n)$ tends to $0$ it is bounded: $|c_n| \le b$ for all $n$.
Let $\varepsilon > 0$. Choose $N \in \mathbb{N}$ with
$$
\frac{b|\alpha|^{N+1}}{1-|\alpha|} < \varepsilon.
$$
Then, choose $n_0> N$ such that $|c_{n-N}| < \varepsilon (1-|\alpha|)$ $(n \ge n_0)$. Now, for $n \ge n_0$:
$$
\sum_{k=0}^n |\alpha|^k |c_{n-k}| = \sum_{k=0}^N |\alpha|^k |c_{n-k}| + \sum_{k=N+1}^n |\alpha|^k |c_{n-k}|
$$
$$
\le \frac{\varepsilon(1-|\alpha|)}{1-|\alpha|} + \frac{b|\alpha|^{N+1}}{1-|\alpha|}
< 2 \varepsilon.
$$
As $\varepsilon$ was arbitrary we have $(\ast)$. Hope everything is correct (please check).
In case $m > 1$ the function $f$ is of the form $f(x)=Ax$ with a real $m \times m$ matrix $A$, and all eigenvalues of $A$ have absolut value $< 1$. Thus there should be some $\lambda \in [0,1)$ and some $M \ge 0$ such that $\|A^n\| \le M \lambda^n$ $(n \ge 0)$. With this inequalities a similar reasoning as in the case $m=1$ should be possible.