{"id":20499,"date":"2020-10-14T13:32:47","date_gmt":"2020-10-14T13:32:47","guid":{"rendered":"http:\/\/curepossession.com\/?p=20499"},"modified":"2023-05-06T17:40:48","modified_gmt":"2023-05-06T17:40:48","slug":"cfpb-slaps-nissan-motor-acceptance-with-5m-in-fines-for-repossession-practices","status":"publish","type":"post","link":"https:\/\/curepossession.com\/cfpb-slaps-nissan-motor-acceptance-with-5m-in-fines-for-repossession-practices\/","title":{"rendered":"CFPB Slaps Nissan Motor Acceptance with $5M in Fines for Repossession Practices"},"content":{"rendered":"\r\n\r\n\r\n<p class=\"has-text-align-center\"><em>\u201cfrom at least early 2014 through late August 2017, Nissan\u2019s repossession agents, with Nissan\u2019s knowledge, demanded that consumers pay a separate, upfront storage fee for personal property contained in repossessed vehicles.\u201d<\/em><\/p>\r\n\r\n\r\n\r\n<p>WASHINGTON, DC \u2013\u00a0Tuesday, October 13, 2020 \u2013 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\u2019 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.<\/p>\r\n\r\n\r\n\r\n<p class=\"has-vivid-red-color has-text-color has-large-font-size\"><strong><em><a href=\"https:\/\/curepossession.com\/hot-topics\/11592-2\/cfpb-slaps-nissan-motor-acceptance-with-5m-in-fines-for-repossession-practices\" target=\"_blank\" rel=\"noreferrer noopener\">Read the Consent Order Here!<\/a><\/em><\/strong><\/p>\r\n<p>&nbsp;<\/p>\r\n<h2><span style=\"color: #ffffff;\">CFPB Slaps Nissan Motor Acceptance with $5M in Fines for Repossession Practices<\/span><\/h2>\r\n","protected":false},"excerpt":{"rendered":"<p>\u201cfrom at least early 2014 through late August 2017, Nissan\u2019s repossession agents, with Nissan\u2019s knowledge,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":25952,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[59,442,322,373,46,15,1122,228,1006,591,742,7,229,33],"class_list":["post-20499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cfpb","tag-consumer-finance-protection-bureau","tag-fees","tag-fines","tag-forwarder","tag-forwarding-companies","tag-nissan-motor-acceptance","tag-personal-property","tag-personal-property-fees","tag-repo-fees","tag-repossess","tag-repossession","tag-storage","tag-wrongful-repossession"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/posts\/20499"}],"collection":[{"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/comments?post=20499"}],"version-history":[{"count":3,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/posts\/20499\/revisions"}],"predecessor-version":[{"id":26064,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/posts\/20499\/revisions\/26064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/media\/25952"}],"wp:attachment":[{"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/media?parent=20499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/categories?post=20499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/curepossession.com\/wp-json\/wp\/v2\/tags?post=20499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}