WASHINGTON — The Department of Justice (DOJ) has reached a settlement with CarMax to resolve allegations that vehicles owned by...
Compliance
The car repo business is booming as Americans fall behind on increasingly expensive car payments. Cars are being repossessed at the highest rate since...
The Federal Trade Commission is investigating the use of kill switches by auto finance companies to get subprime borrowers who...
The Federal Motor Carrier Safety Administration has announced some major changes, perhaps none more significant than overhauling its carrier identification...
A billion-dollar bank has agreed to pay $29.5 million to settle accusations that vehicles were repossessed without proper notice. According...
The recent suspension of operations at the Consumer Financial Protection Bureau (CFPB) marks a significant shift for the repossession industry....
On December 3, 2024, a Texas-based federal court issued a sweeping order prohibiting the federal government from enforcing the Corporate...
A North Carolina towing company is paying close to a $70,000 settlement after being accused of repossessing and selling vehicles that belonged...
The Consumer Financial Protection Bureau (CFPB) released a report Wednesday (July 26) that found illegal tactics at work in the auto lending, medical debt...
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) proposed requiring certain nonbank financial firms to register with the CFPB...
