Pay Your Credit Card Bill Before Vehicle Redemption?
The Consumer Financial Protection Bureau (CFPB) released a report Wednesday (July 26) that found illegal tactics at work in the auto lending, medical debt...
Legal
Changes To Maine Repossession Licensing
Maine's Debt Collection Regulation: Transition to NMLS and Licensing Requirements A new chapter titled "Establishment of License and Renewal...
CU Groups Ask SCOTUS To Declare CFPB Unconstitutional
CUNA and NAFCU filed a joint brief in the U.S. Supreme Court Monday supporting an issue raised by payday lenders...
BofA Denied Dismissal On Post-Repo Class Action Suit
As the owner or emplyee of a repossession agency, it is important to stay informed about relevant legal developments. In...
OneMain Fined $20M Over Deceptive Sales
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) has ordered installment lender OneMain Financial to pay $20 million in redress...
California Bans Sale Of New Diesel Trucks By 2036
California regulators on Friday voted to ban the sale of new diesel big rigs by 2036 and require all trucks...
RO Files Wrongful In Michigan
A Flint, Mich., woman is suing a towing company and the police department after a dramatic vehicle repossession attempt. The...
Arizona Repeals “Repo Cop” Law
ARIZONA — If someone misses multiple car payments, should the car be considered stolen? Should police help repossess the vehicle?...
20K+ Wrongful Repossessions Just Cost Wells Fargo $300M
Wells Fargo has reached a $300 million settlement with shareholders who claim in a class action lawsuit that the bank...
Maine RO Takes Plea For Repo Shooting
According to a plea agreement reached between the defendant's lawyer, Jacob Ferm, and Assistant District Attorney Heather Staples, the Maine...
