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January 18, 2017 - Industry News

F&I Express Announces Initiative to Streamline F&I Product Cancellation Process

The software company today released details on an initiative to electronically integrate major finance sources with F&I product providers in a bid to develop better F&I product cancellation processes and systems.

Tags: auto finance, Dealertrack, F&I Express, F&I products, Repossessions

August 11, 2016 - Industry News

HSBC to Pay $434,500 for SCRA Violations

The Justice Department announced that HSBC Finance Corp. has agreed to pay $434,500 to settle charges that its vehicle repossession practices violated the Servicemembers Civil Relief Act (SCRA).

Tags: Department of Justice, HSBC, Repossessions, Santander Consumer USA, Settlement

February 17, 2015 - Industry News

N.C. Dealerships Reach $225K Settlement in Predatory Loan Case

Two used-car dealerships and their owner reached a settlement this month with the Department of Justice and the state attorney general. The settlement resolves a lawsuit that alleged the dealerships charged African American buyers more for loans and repossessed vehicles without reasonable notice.

Tags: attorney general, Department of Justice, discrimination, fair lending, GPS devices, Lawsuit, North Carolina, Repossessions

June 12, 2014 - Industry News

Dealer Settles Complaint Regarding Collections Practices

The Idaho Attorney General has reached an agreement with a dealership that will prohibit it from engaging in harassing debt collection or repossession acts or practices. The dealership also resolved several consumer complaints.

Tags: attorney general, compliance, Debt Collection, Repossessions, Settlement

January 9, 2014 - Industry News

Fla. Dealer Under Investigation After Repossessing Customer’s Car

Downtown Auto Sales of the Palm Beaches repossessed a customer’s vehicle after he refused to pay an extra tire fee with his car payment. The dealer is now under investigation for violating state laws, including failure to abide by the contract.

Tags: fraud, Payment Plan, Repossessions, vehicle title

August 15, 2013 - Industry News

Experian Automotive: Repossessions Fall to Lowest Rate on Record

In addition to record-low repossessions, 30-day delinquencies drop and 60-day delinquencies remain flat as the auto finance market stays strong.

Tags: delinquencies, Experian, Experian Automotive, Repossessions

July 2, 2013 - Industry News

Ala. Car Dealer Pleads Guilty to Violating Servicemembers Relief Act

An Alabama used-car dealer who failed to decrease an active-duty service member’s loan interest rate before repossessing his car pleaded guilty to violating the Servicemembers Relief Act.

Tags: Alabama, dealer, guilty, indictment, interest rate, military, Repossessions, used-car dealer

May 14, 2013 - Industry News

Delinquencies, Repossessions Up in 2013, Experian Automotive Reports

In the first quarter of 2013, 30-day auto loan delinquencies rose 1.3 percent, 60-day delinquencies increased 12.4 percent and repossessions rose 16.9 percent when compared with the previous year.

Tags: Auto Loans, delinquencies, Experian Automotive, First Quarter, Repossessions

September 11, 2012 - Industry News

Iowa Dealer Gets Hand Slapped by Attorney General

Failure to disclose consumer protection related to loan defaults and repossessions gets used-car dealer in trouble with Iowa Attorney General’s Office.

Tags: Iowa attorney general, Repossessions, used-car dealer

August 16, 2012 - Industry News

Delinquencies, Repossessions Drop in Q2, Experian Automotive Reports

Consumers continued to make their auto loan payments on time in the second quarter, with 30- and 60-day delinquencies falling to historic lows.

Tags: Auto Loan Delinquency Rate, Experian, Repossessions

January 28, 2010 - Industry News

Windsor Group Acquires Windsor Remarketing

Windsor Group has purchased Windsor Remarketing, a Fort Worth, Texas-based remarketing management company. Their combined menu of services includes skip tracing, repossession management and remarketing management.

Tags: remarketing, Repossessions, skip tracing

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