Breach of peace repossession – a legal term that describes a situation where a creditor or debt collector has taken possession of consumer property, usually… Read More »Breach of Peace Repossession; What Does It Mean for Me?
Maryland’s repossession laws have specific provisions designed to protect consumers from overreaching banks and finance companies. You still have protections even if your car was… Read More »Under Maryland Law, Do I Still Have Rights if I Did a Voluntary Repo?
Car repairs can be very expensive, even without hidden or unforeseen fees. Unfortunately, some car repair companies will use this understanding to try and scam… Read More »Car Repair Loans – Watching out for Predators
Auto-lenders have found new weapons to use against consumers believed to be in default: ignition interruption devices and GPS tracking. These weapons allow creditors to prevent consumers’ cars from starting. Jessica Silver-Greenberg (author of an outstanding series of articles on debt collection, here) and Michael Corkery report here.
Read More »Lenders Disabling Cars Remotely: The New Face of Subprime Auto LoansSeptember 23, 2014
The Consumer Financial Protection Bureau has proposed new rules to regulate non-bank auto finance lenders, including the lending divisions of large car manufacturers. The proposed rules are here. CFPB estimates that the new rule would cover 38 auto finance companies, which make 90% of all consumer auto loans in the country. These companies have never been regulated before.
Read More »CPFB Proposes to Regulate Non-Bank Auto Finance Lenders
