WRAL

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

New York (CNN) — 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 ...
WRAL

Fifth Third Bank opened fake accounts, got customer cars illegally repossessed, CFPB report says

Fifth Third Bank is accused of opening fake accounts, charging customers $12.7 million dollars in illegal, worthless fees and even getting customers cars illegally repossessed, according to a ...
Auto Remarketing

COMMENTARY: Projecting impact on repossessions as debt burdens grow

During tax season, the auto-repossession sector typically sees a dip in repossessions as customers receive additional cash and pay down their obligations. Recent data from Fitch Ratings and the ...
CNN

Elizabeth Warren launches probe into booming car repossessions

The car repo business is booming as Americans fall behind on increasingly expensive car payments. Cars are being repossessed at the highest rate since the Great Recession of 2008 and 2009. The repo ...
Automotive News

Toyota Motor Credit settles $7.6 million repo case in Mass.

Toyota Motor Credit Corp. reached a $7.6 million settlement with Massachusetts Attorney General Andrea Joy Campbell, resolving allegations of illegal loan collection practices. As part of the ...