A new California Court decision clarifies that Lessors (Finance Companies the Consumer pays the monthly lease payments to) have to follow the California’s Vehicle Leasing Act, or they will not be able to come after consumers for money after the vehicle is repossessed and sold at auction. The case name is Flannery v. VW Credit,…
Paid by credit card and there is something wrong with the product or service? Here is what to consider doing. MOVE QUICKLY: You can’t withhold a payment after paying the bill 1. make a good faith effort to resolve the issue with the seller or service provider (make sure to always send a letter as…
The administrator of General Motors Co.’s ignition switch compensation fund has deemed 45 deaths eligible for compensation, as the overall number of claims submitted to the program climbed to more than 2,700 as of Friday.
Ford Motor Co.’s consumer credit arm enforces illegal leasing policies that prevent lessees from capturing the full amount of equity that accrues on their vehicles as a result of overpayment, a proposed class action filed Tuesday in California court said. Named plaintiff said Ford Motor Credit Co. LLC’s policy of not allowing lessees to sell…
Honda Motor Co.’s U.S. financing unit said Tuesday that the Consumer Financial Protection Bureau and the U.S. Department of Justice are set to file charges alleging it discriminates against certain borrowers in its pricing practices for loans made through auto dealerships. In a Tuesday filing with the U.S. Securities Exchange Commission, American Honda Finance Corp….
President Barack Obama’s nominee to lead the National Highway Traffic Safety Administration told a Senate panel Wednesday that he would restore the agency’s reputation following the General Motors Co. and Takata Corp. recalls by increasing efforts to catch automakers who don’t report safety defects, and to enforce recalls. Mark Rosekind told the Senate Commerce Committee…
A California federal judge has nixedTwitter’s attempt to escape a $5 million proposed class action alleging the social media giant violated the Telephone Consumer Protection Act by sending unsolicited text messages, saying that the equipment Twitter uses to make calls is considered an automatic dialing system. U.S. District Judge Vince Chhabria said on Wednesday that…
Cargill has agreed to pay $6.1 million to settle a consumer class action accusing the company of marketing its Truvia sweetener as natural when it actually contains largely synthetic and chemically produced ingredients, according to documents signed by a Hawaii federal judge. Under the deal, the agribusiness company will pay $6.1 million into a settlement…
Domino’s Pizza was hit with a putative class action in Florida federal court Sunday alleging violations of the Telephone Consumer Protection Act by a consumer who says he continued to receive marketing text messages from the restaurant chain even after he opted out of receiving coupon offers. Christopher Legg hopes to represent a nationwide class…
Toyota Motor Credit Corp. on Friday said that it faces a potential fine from the Consumer Financial Protection Bureau and the U.S. Department of Justice for allegedly engaging in discriminatory pricing of auto loans.
