“from at least early 2014 through late August 2017, Nissan’s repossession agents, with Nissan’s knowledge, demanded that consumers pay a separate, upfront storage fee for personal property contained in repossessed vehicles.”
WASHINGTON, DC – Tuesday, October 13, 2020 – The CFPB has announced that they have issued a consent order against Nissan Motor Acceptance Corporation (Nissan) over wrongfully repossessed vehicles; kept personal property in consumers’ repossessed vehicles until consumers paid a storage fee, amongst other accusations. Nissan is now ordered to pay $1M in consumer redress as well as $4M in punitive civil money penalty.
CFPB Slaps Nissan Motor Acceptance with $5M in Fines for Repossession Practices
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