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Home » When is repo valid? Regulators probe repossession practices

When is repo valid? Regulators probe repossession practices

Vehicles recovered nationally on pace to increase 25% compared with 2019

Amanda HarrisbyAmanda Harris
August 31, 2023
in Compliance, Features
Reading Time: 9 mins read
0
Cars in a congestion on highway

© Can Stock Photo / photocreative

Repossession agents are facing headwinds as they try to meet growing lender demand, and the situation is now drawing the ire of regulators. Repossession volume is up after pandemic moratoriums have lifted, and this is prompting regulators to look closely not only at creditor repossession practices but the changing relationship dynamics between auto lenders and […]

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Tags: American Recovery AssociationCFPBcompliancePremiumRecoveriesrepossessions
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