WGAU Radio on MSN

Auto repossessions surge as car costs continue to climb

More Americans are falling behind on their car payments as 2025 comes to a close, with auto repossessions nearing levels not seen since the Great Recession. WSB consumer expert Clark Howard says the ...
Hosted on MSN

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 ...
Military Times

Hyundai subsidiary reaches settlement over troops’ repossessed cars

Hyundai Capital America is a subsidiary of Hyundai and Kia that handles vehicle financing nationwide. (David Zalubowski/AP) Hyundai Capital America reached a settlement with service members who ...
KUTV

More people behind on car payments, many surrender cars before they get repossessed

SALT LAKE CITY (KUTV) — High prices, expensive housing and recent job losses are pushing more Americans into financial hardship, and now another sign of strain: more people are falling behind on their ...
Carscoops

Hyundai, Kia Pay $300,000 To Settle Claims They Illegally Repo’d Service Members Cars

Hyundai, Kia and Genesis North American finance arm, Hyundai Capital America, has agreed to pay $333,941 to settle allegations that it violated the Sevicemembers Civil Relief Act (SCRA) by illegally ...
AOL

A bank created fake accounts, forced clients into unnecessary car insurance and repossessed vehicles when they didn’t pay. Now it has agreed to $20 million in penalties

Fifth Third Bank on Tuesday said it agreed to pay $20 million in penalties imposed by the Consumer Financial Protection Bureau to settle a CFPB investigation into its auto insurance practices, and a ...