CarMax Inc., the largest used car dealer in the United States, has agreed to pay $15,000 to each of dozens of military ...

The Justice Department secured a settlement requiring CarMax to compensate servicemembers over alleged unlawful vehicle repossessions ...

24, 2023, the used car dealer repossessed the vehicles of at least 28 service members who were in active milita ...

More than 1.2 million cars were repossessed in the United States in 2022, according to the Journal of Consumer Reports. 1 If your vehicle has been repossessed or you’re at risk of repossession, there ...

Affected troops will receive $15,000 each, plus any lost equity in the repossessed vehicle, according to the settlement agreement.

The Justice Department today announced that it has reached a settlement with CarMax Inc., the nation’s largest ...

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 ...