Fortune 500 used car retailer CarMax, based in Goochland County, has agreed to pay nearly $500,000 to settle allegations that it violated the Servicemembers Civil Relief Act by illegally repossessing ...
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The nation’s largest retailer of used cars, CarMax, will pay at least $420,000 to resolve allegations that it repossessed vehicles from U.S. service members without court orders, the U.S. Department ...
The nation's largest retailer of used cars will have to pay nearly $500,000 as part of a settlement following allegations that it illegally repossessed motor vehicles owned by members of the military.
CarMax is on the hook for nearly $500,000 after the US Justice Department alleged it illegally repossessed vehicles from active duty servicemembers. Most of that money will go directly to those ...
Image Credit: The U.S. Army - Public Domain, Wikimedia. The used car business runs on contracts, credit checks, and the occasional unpleasant phone call about missed payments. But when the borrower ...
Car repossession rates have approached Great Recession levels in recent years, driven in part by post-pandemic economic factors. Military servicemembers, however, receive certain protections under the ...
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