Close Menu
Finance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Facebook X (Twitter) Instagram
Trending
  • Trump pardons Binance cryptocurrency founder Changpeng Zhao – Al Jazeera
  • Trump pardons Binance founder ‘CZ’ Changpeng Zhao, high-profile cryptocurrency figure
  • Atarah Atkinson Is Building a New Gallery With Old-School Ideals
  • The art of Armani | Daily Mail Online
  • Lloyds Bank vows to fight car finance payouts – The Telegraph
  • Why Digital Art Isn’t Replacing the Gallery
  • Lloyds profits plunge 36% as it feels impact of UK car finance scandal – The Guardian
  • “State Russian Support”: EU Sanctions the Cryptocurrency A7A5
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
Finance ProFinance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Finance Pro
Home»Finance»US sues Hyundai, Kia finance arm for repossessing service members’ vehicles
Finance

US sues Hyundai, Kia finance arm for repossessing service members’ vehicles

May 8, 20242 Mins Read


By Jonathan Stempel

(Reuters) – The U.S. government on Wednesday sued Hyundai and Kia’s American financing arm, accusing it of repossessing vehicles leased by military service members without first obtaining court permission as required by law.

According to a complaint filed in federal court in Los Angeles, 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 Department of Justice has said that Armed Forces members should not suffer financial hardship because of their service.

In the complaint, the Justice Department cited as an example the 2017 repossession and sale of Navy Airman Jessica Johnnson’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 the financing arm realized in 2020 it should not have repossessed it, the complaint said.

Hyundai Capital America, which is based in Irvine, California, and the automakers did not immediately respond to requests for comment.

The lawsuit seeks to halt improper repossessions and a declaration that the matter concerned “an issue of significant public importance.”

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 finance arms.

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



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Lloyds Bank vows to fight car finance payouts – The Telegraph

October 23, 2025 Finance

Lloyds profits plunge 36% as it feels impact of UK car finance scandal – The Guardian

October 23, 2025 Finance

African Development Bank Group receives $14 million in first funding allocation under Global Agriculture and Food Security Program’s new private sector financing window – African Development Bank Group

October 23, 2025 Finance

Latest filings in campaign finance court battle argue Maine has legal right to regulate super PACs

October 22, 2025 Finance

Wall Street muted and FTSE jumps as traders await Tesla earnings and digest UK inflation data

October 22, 2025 Finance

Brussels Parliament to confirm outgoing Finance Minister’s replacement on Thursday

October 22, 2025 Finance
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

Trump pardons Binance cryptocurrency founder Changpeng Zhao – Al Jazeera

October 23, 2025 Cryptocurrency 1 Min Read

Trump pardons Binance cryptocurrency founder Changpeng Zhao Al JazeeraPresident Trump pardons Binance founder Changpeng Zhao BBCTrump pardons…

Trump pardons Binance founder ‘CZ’ Changpeng Zhao, high-profile cryptocurrency figure

October 23, 2025

Atarah Atkinson Is Building a New Gallery With Old-School Ideals

October 23, 2025

The art of Armani | Daily Mail Online

October 23, 2025
Our Picks

Trump pardons Binance cryptocurrency founder Changpeng Zhao – Al Jazeera

October 23, 2025

Trump pardons Binance founder ‘CZ’ Changpeng Zhao, high-profile cryptocurrency figure

October 23, 2025

Atarah Atkinson Is Building a New Gallery With Old-School Ideals

October 23, 2025

The art of Armani | Daily Mail Online

October 23, 2025
Our Picks

African Development Bank Group receives $14 million in first funding allocation under Global Agriculture and Food Security Program’s new private sector financing window – African Development Bank Group

October 23, 2025

Mutuum Finance- Sponsored Content | ThePrint

October 23, 2025

Generational investment, sacrifice in budget

October 22, 2025
Latest updates

Trump pardons Binance cryptocurrency founder Changpeng Zhao – Al Jazeera

October 23, 2025

Trump pardons Binance founder ‘CZ’ Changpeng Zhao, high-profile cryptocurrency figure

October 23, 2025

Atarah Atkinson Is Building a New Gallery With Old-School Ideals

October 23, 2025
Weekly Updates

Global Innovation Lab for Climate Finance Surpasses 100-Member Organizations

April 29, 2024

3 Dividend Stocks To Consider For A $250 Investment

June 15, 2024

Record numbers for exhibitions at city art gallery

April 21, 2024
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
© 2025 Finance Pro

Type above and press Enter to search. Press Esc to cancel.