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Home » CFPB analysis points to uptick in repossessions  

CFPB analysis points to uptick in repossessions  

Bureau reported average outstanding balance over $11K after repo 

Amanda HarrisbyAmanda Harris
January 23, 2025
in Compliance
Reading Time: 4 mins read
0
Cars parked in a lot

(Photo/Canva)

The Consumer Financial Protection Bureau completed a deep dive into vehicle repossession activity following the start of the pandemic and found that the volume of vehicles eligible for repossession exceeded pre-pandemic levels in 2022.   The bureau analyzed data it collected from nine “major” auto lenders covering account activity between 2018 and 2022, according to a […]

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