CarMax agrees to pay $420,000 for claimed repossessions of military vehicles.
CarMax, the largest used car retailer in the U.S., will pay a minimum of $420,000 to settle claims that it seized vehicles from military personnel without a court order, as announced by the U.S. Department of Justice on Monday. Besides compensating those affected, CarMax will also incur a civil penalty of $79,380 to the government. […]
CFPB Takes Action Against Fifth Third for Wrongfully Triggering Auto Repossessions and Opening Fake Bank Accounts – Consumer Financial Protection Bureau
Washington DC – The Consumer Financial Protection Bureau (CFPB) today took action against Fifth Third Bank for a series of illegal activities that will result in the bank paying a $20 million penalty and providing compensation to approximately 35,000 affected consumers, including approximately 1,000 who had their vehicles repossessed. Specifically, the CFPB is ordering Fifth […]