Nissan pays to settle wrongful vehicle repossession charges

Source: Sylvan Lane, The Hill

The financing arm of Nissan Motor Company will pay a $4 million fine to the Consumer Financial Protection Bureau (CFPB) to settle charges that it wrongfully repossessed vehicles and committed other unfair and deceptive practices, the regulator announced Tuesday.

Nissan agreed to pay up to $1 million in restitution to harmed consumers along with the $4 million fine, and promised that it would halt the practices at the heart of the order.

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