JACKSONVILLE, Fla. — Outstanding auto loans are at a record high, according to national data. Americans owe $1.33 trillion on their vehicles and the number of accounts facing default is also on the rise. Data from the Federal Reserve of New York shows the trend of debt racking-up, but business professor Justin Bateh from Florida
WASHINGTON, DC (WSMV) – The Department of Justice announced today that the Nissan Motor Acceptance Corporation (Nissan MAC) has agreed to pay $3 million to resolve allegations that it violated the Servicemembers Civil Relief Act (SCRA). According to the DOJ, the suit alleges that Nissan MAC repossessed 113 vehicles owned by SCRA-protected servicemen and servicewomen
LANSING, Mich. (WOOD) — A former Florida company accused of charging illegally high interest loans on nearly 200 vehicles in Michigan has agreed to repay $1.6 million to its victims. Michigan Attorney General Dana Nessel’s office announced the restitution amount Monday, which is part of a settlement with now-defunct AutoLoans LLC. Under the plan, customers
Taking Legal Precautions Bites Colorado Agency Repossession companies don’t have the best reputation and a case recently decided by the Colorado Court of Appeals isn’t going to help change that. In that case, Omid Shekarchian put himself in the driver’s seat of a BMW ultimate driving machine™ with help from BMW Financial Services. When Shekarchian
Agent Shot In Houston HOUSTON — Police are looking for a man who shot another man in north Houston Tuesday morning. Officers say a repossession team, a dad and his two sons, were following the suspect and trying to repossess his vehicle. As they followed the man, he pulled into a gas station in the
Houston Agent Files Suit Against Apt. Complex HOUSTON — A Harris County man is suing a Houston apartment complex, alleging he was falsely accused of assaulting a security guard. Marcus A. Bishop filed a complaint June 13 in Harris County District Court against Western Eagle Security Inc., FSC Morningside/Alanza Brook Associates LLC, FSC Steel Lake/Alanza
Ohio RO Wanted On Felony After Agent Assault CINCINNATI — A man is wanted on a charge of felony robbery after police say he violently stopped a tow truck driver from repossessing his car. It happened last Friday inside a parking lot on Glencrossing Way. Police say 25-year-old Bailey Woodward is the man responsible. Jimmy
Hackers Breach Stationary LPR Company Perceptics, one of US’s most extensively used vehicle LPR (License Plate Reader) company, is reportedly investigating about a data breach when stolen files from it was sent to The Register (i.e. a news site). The company is best known probably for designing licence plate imaging systems that are used at
CFPB Symposium: Abusive Acts or Practices Featuring remarks from CFPB Director Kathleen Kraninger and Deputy Director Brian Johnson as well as testimony from legal and policy experts on the topic of the abusiveness standard in consumer financial products and services. UPDATED JUN 12, 2019 Washington, DC CFPB Headquarters1700 G Street NWWashington, DC 20002 JUN 25, 2019 @ 09:00 AM EDT
