The used car business runs on contracts, credit checks, and the occasional unpleasant phone call about missed payments. But ...

Car repossession rates have approached Great Recession levels in recent years, driven in part by post-pandemic economic ...

CarMax, the nation's largest used-vehicle retailer, has agreed to pay hundreds of thousands of dollars to resolve federal allegations that it illegally repossessed vehicles belonging to members ...

CarMax is facing a costly reckoning after federal civil-rights enforcers accused the company of seizing vehicles from active-duty personnel without the legal safeguards that protect those in uniform.

According to the settlement, CarMax will pay at least $420,000 in damages to service members and a civil penalty of $79,380 ...

When you signed the financing agreement that enabled you to buy a car on payments, you made a legally binding promise to make those payments on time every month. If you miss a single payment by 30 ...

Car repossessions in the United States have reached their highest rate since the 2009 recession, reflecting economic strain and rising costs for vehicle owners.Michael Jones, an economics professor at ...

"More carmax repos at the auction. People are defaulting on their loans and getting their vehicles repossessed," TikToker Cheese (@thankucheese) writes in a caption for yet another video where he ...

UPDATE: Recardo S. Beale was sentenced by U.S. District Court Judge Myong J. Joun on Oct. 8, 2025 to 90 days in federal prison followed by three years of supervised release. He was also ordered to pay ...