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Repossession

A notable deterioration in the performance of subprime auto loans in the third quarter has shown approximately 6 million individuals that are at least 90 days late on their auto loan payments, the Federal Reserve Bank of New York has found.

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CFPB Probing Auto Repossession Firms

The Consumer Financial Protection Bureau (CFPB) has begun actively evaluating the practices of vehicle repossession firms around the handling of personal property recovered from a repossessed vehicle.

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