We are receiving mixed messages regarding trends in repossessed cars. Some experts see the recent spike in repos as the market sorting itself out after record-low repossession rates the past couple of ...

Repossession for a car happens when you’ve defaulted on your auto loan, and your lender may seize the vehicle to recover its losses. In many states, lenders are not required to give you notice before ...

The U.S. Department of Justice’s (DOJ) recent enforcement action under the Servicemembers Civil Relief Act (SCRA) underscores the ...

Hudson Cook partner Allen Denson read through the auto-finance portion of the latest Supervisory Highlights shared by the Consumer Financial Protection Bureau and immediately thought of another credit ...

If you miss payments on your leased car, it may be repossessed, which can be expensive and financially damaging. You can try to prevent repossession by making missed payments, contacting the leasing ...

Affirming a Tax Court decision, the Eighth Circuit held that a taxpayer who repossessed his former principal residence after the buyer defaulted had to recognize gain equal to the excess of the cash ...

An Orange County woman claims that a repo company snatched the wrong RV rig. Kayla Busby accused Priority Recovery Inc., ...

Coming out of the COVID-19 pandemic, the auto finance industry will face a number of issues when it comes to self-help repossession following a borrower’s default. A number of jurisdictions across the ...

New data is showing the number of car repossessions is hitting its highest rate in years. According to Fitch Ratings, more Americans are falling behind on their car payments after a sharp decline in ...

Eduardo Zepeda is a car aficionado, gasoline mechanic, and motorhome enthusiast based in central Mexico. He has lived in different parts of Mexico, the United States, and Canada, and he is constantly ...

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 ...

Reporting from Washington — The reputation of Wells Fargo & Co. took another blow Thursday when it agreed to pay $24 million for the improper repossession of cars owned by members of the U.S. military ...