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 ...

A&B Abstract: The Consumer Financial Protection Bureau (“CFPB” or the “Bureau”) recently released a Bulletin addressing the repossession of vehicles and alerting market participants to what it views ...

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 ...

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 ...

Get your business out of debt with our guide to the debt collection process and see expert-backed advice for dealing with ...

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 ...

In most parts of the country, having a car isn't optional. Without your own vehicle, it can be extremely difficult to get to work or provide for your family, but at the same time, car ownership can be ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. DOLTON, Ill. — When a lender sent a ...

A repossession agent-commonly called "the repo man," and hired by the creditor to recover the property-may enter your ...