Prices at the Pumps - May 8, 2024 #saltwire #pricesatthepumps #gasprices - 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.
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." Hyundai Capital America, which is based in Irvine, California, and the automakers did not immediately respond to requests for comment.
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.