Automakers are looking for ways to protect themselves from defaults as Canada's auto loan delinquency rate rises. Ford Motor Company has recently taken steps to ensure that their vehicles remain in ...
On February 28, 2022, the CFPB released a Compliance Bulletin and policy guidance entitled “Mitigating Harm from Repossession of Automobiles.” In its bulletin, the CFPB sets forth the objective of ...
The Consumer Financial Protection Bureau used strong language in a news release Monday upon issuing a compliance bulletin on vehicle repossessions. The CFPB said it is “moving to thwart illegal ...
DAYTONA BEACH, Fla. — To the professionals in the repossession industry — and yes there are hundreds of them in this business — there's nothing funny or entertaining about Operacion Repo, so-called ...
Investing.com -- The Consumer Financial Protection Bureau (CFPB) report released today revealed that the rate of auto ...
The Consumer Financial Protection Bureau suggests that lenders may be overzealous in repossessing cars. By Ann Carrns More automobile owners are falling behind on their payments, and a new report ...
Car repossessions are jumping nationwide and the reasons may surprise you. Consumer Investigator Rachel DePompa shares what ...
The future is here, and full of surprises to say the least. From heated seat subscriptions to hydrogen-powered vehicles, the veil of uncertainty is being slowly lifted to show a world full of ...
From coast to coast, the United States is a place where this tragedy is repeated far too often. More than 2.2 million vehicles are repossessed annually. A huge number of these seizures violate ...
Buying a car with a bank loan is so common most of us don’t even think about it—and these days, you increasingly need a bank loan to buy a used car. When you take a loan for a car you’re signing an ...
It is undeniably true that car repossession has dire consequences on your credit score and affects your future chances of credit ability. Using a car loan may seem like the best way to own your dream ...
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My car got repossessed. Now what?
More than 1.2 million cars were repossessed in the United States in 2022, according to the Journal of Consumer Reports. 1 If your vehicle has been repossessed or you’re at risk of repossession, there ...
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