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Home » Toyota Motor Credit settles $7.6M Mass. lawsuit

Toyota Motor Credit settles $7.6M Mass. lawsuit

The lender is accused of participating in illegal auto loan collection practices dating to 2017

Amanda HarrisbyAmanda Harris
February 21, 2023
in Compliance
Reading Time: 4 mins read
0
Massachusetts Attorney General

© Can Stock Photo / demerzel21

Toyota Motor Credit Corp. has reached a $7.6 million settlement with the Massachusetts Attorney General’s Office to resolve allegations that the lender participated in illegal auto loan collection practices, highlighting the state’s focus on collection call limitations and repossession disclosures.   The settlement includes $5.5 million in debt relief for more than 500 borrowers across […]

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Tags: complianceMassachusettsPremiumtoyota motor credit corp.
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