Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

Hyundai and Kia unit settles U.S. charges it repossessed service members’ vehicles

by admin May 10, 2024
May 10, 2024
Hyundai and Kia unit settles U.S. charges it repossessed service members’ vehicles

Hyundai’s and Kia’s American financing arm will pay $334,941 to settle charges it illegally repossessed vehicles belonging to military service members, the U.S. Department of Justice said on Wednesday.

According to papers filed in Los Angeles federal court, Hyundai Capital America violated the Servicemembers Civil Relief Act between 2015 and 2023 by repossessing 26 vehicles whose owners had begun paying off their loans prior to active duty.

The Justice Department said the law required the financing arm to obtain court permission before repossessing vehicles.

It cited as an example the 2017 repossession and sale of Navy Airman Jessica Johnson’s three-year-old Hyundai Elantra, after the financing arm determined that she was on active duty but “not deployed.”

Johnson still owed $13,796 on the car, and Hyundai Capital America realized in 2020 it should not have repossessed it, court papers show.

“Members of our Armed Forces should not have to worry about having their cars repossessed while they are in military service,” Assistant Attorney General Kristen Clarke said in a statement.

Without admitting wrongdoing, Hyundai Capital America will pay $10,000 plus lost vehicle equity to each of the 26 service members, and repair their credit. It will also pay $74,941 to the U.S. Treasury “to vindicate the public interest.”

Hyundai Capital America is based in Irvine, California.

“HCA takes pride in supporting our military families,” it said in a statement. “Additionally, we have already taken steps to further enhance our compliance with all SCRA requirements.”

The Justice Department in the last several years settled claims under the servicemembers law against several financing companies, including General Motors, Nissan and Wells Fargo financing arms.

The case is U.S. v. Hyundai Capital America, U.S. District Court, Central District of California, No. 24-03818.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
What Rising Volatility Means to the Current Market
next post
Ascension Health, largest Catholic hospital chain in the U.S., hit by cyberattack, disrupting patient care

Related Posts

Target will stop accepting personal checks

July 9, 2024

The CEO in chief: How Trump is getting...

August 15, 2025

SEC issues summons for Gautam Adani, nephew on...

November 26, 2024

OpenAI announces a search engine called SearchGPT; Alphabet...

July 27, 2024

‘NEETS’ and ‘new unemployables’: Why some young adults...

July 3, 2024

On the sidelines of a pricier Kentucky Derby,...

May 8, 2024

Oil executives bluntly criticize Trump tariffs and ‘drill,...

March 28, 2025

Why it seems like everyone you know is...

May 29, 2024

Amazon sued by D.C. AG for allegedly excluding...

December 5, 2024

Citibank customers report fraud alerts and account access...

January 17, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Cities that canceled Columbus Day could lose federal funds under new GOP bill

      October 14, 2025
    • Dem gubernatorial nominee facing heat for taking donations from CCP-linked tycoon: ‘Disqualifying’

      October 14, 2025
    • Blinken claims Trump’s Gaza ceasefire deal drew from Biden-era framework

      October 14, 2025
    • Trump has freed more than 70 US hostages in less than a year; Biden released around 70 in four years

      October 14, 2025
    • Pakistan announces intention for second Nobel Peace Prize nomination for Trump over Gaza ceasefire role

      October 14, 2025

    Categories

    • Business (1,118)
    • Investing (3,246)
    • Politics (3,960)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved