Latest Online Edition  Read Here

LEGAL UPDATE: Sean Petersen, NIADA senior vice president of legal and governmental affairs, talks about recent legal issues affecting independent dealers.  One change in Nevada regulates the use of starter-interrupt and GPS devices.

federal trade commission federal trade commission

Feds Sue Credit Union for Repossessing Cars Featured

The Department of Justice Civil Rights Division and the U.S. Attorney's Office for the Eastern District of Michigan filed a lawsuit to recover damages from the COPOCO Community Credit Union, alleging that it violated the Service Members Civil Relief Act (SCRA) by repossessing protected service members’ motor vehicles without obtaining the necessary court orders.

The SCRA protects the rights of service members on active duty by suspending or modifying certain civil obligations. The law prohibits repossessing a motor vehicle from a service member during military service without a court order if the individual made a deposit or installment payment on the loan before entering military service.

The department’s complaint alleges that COPOCO’s vehicle repossession procedures did not include any process to determine customers’ military status – such as checking the Department of Defense’s database – prior to conducting repossessions without court orders.

The complaint also alleges that COPOCO illegally repossessed U.S. Army Private First Class Christian Carriveau’s car, along with his two-year-old daughter’s car seat, out of his driveway in Lacey, Wash., near Joint Base Lewis-McChord. His wife, Alyssa Carriveau, initially believed that the car had been stolen, but she subsequently learned that it had been repossessed.

Private First Class Carriveau was away at military training at the time and Alyssa Carriveau was not able to get to work without the vehicle.

Last modified on Wednesday, 17 August 2016 21:11
Rate this item
(0 votes)
Hurricanes Continue to Lift Wholesale Prices

Hurricanes Continue to Lift Wholesale Prices

Average wholesale prices in October were down only modestly month-over-month and up year-over-year, bolstered by lingering impacts from hurricanes Harvey and Irma.According to ADESA Analytical Services’ monthly analysis of Wholesale...

Indian Recalls Motorcycles for European Headlights

Indian Recalls Motorcycles for European Headlights

Indian Motorcycles Co. is recalling 2,096 2017-18 Chief, Chief Classic, Chief Dark Horse, Chief Vintage, Chieftain, Chieftain Classic, Chieftain Dark Horse, Chieftain Elite, Chieftain Limited, Springfield, and Springfield Dark Horse...

  • ADESA Names Dealer Relations Director
    ADESA Names Dealer Relations Director ADESA announced that Trent Strauss has been promoted to director of dealer relations for ADESA, effective immediately. Strauss will report to Steve Dudash, vice president of dealer services. In his…
    Written on Wednesday, 28 September 2016 12:23
  • NAAA Offers Support for Flooded Sale
    NAAA Offers Support for Flooded Sale National Auto Auction Association President Mike Browning drew attention to the victims of the flooding in Louisiana in a letter to members on Aug. 19, spotlighting member Oak View Auto…
    Written on Friday, 19 August 2016 14:40
  • Depreciation Rates Improve
    Depreciation Rates Improve The average price of a used vehicle for model years 2011-15 depreciated by 1.5 percent during July, slightly better than June’s 1.7 percent, according to Black Book. The market performance…
    Written on Wednesday, 10 August 2016 14:59
  • City Honors Auction for Community Involvement
    City Honors Auction for Community Involvement Manheim Seattle won the City of Kent's “Best of Kent” award for the fifth consecutive year, qualifying the auto auction for the Kent Business Hall of Fame. The award is…
    Written on Wednesday, 03 August 2016 15:07
  • Cox Promotes Strategy VP
    Cox Promotes Strategy VP Cox Automotive has named Amy Mills senior vice president of strategy. In this role, Mills will work with Cox Automotive's executive leadership team to identify, execute and sustain strategic initiatives…
    Written on Thursday, 03 November 2016 20:51
  • Association Honors Charitable Auction
    Association Honors Charitable Auction ADESA Winnipeg, located in Winnipeg, Manitoba, Canada, has earned the inaugural 2016 Eastern Auction of the Year Award from the National Auto Auction Association. The award honors excellence in community…
    Written on Friday, 19 August 2016 14:40
  • Manheim Index Rises Again
    Manheim Index Rises Again Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased for the fourth consecutive month in July. The Manheim Used Vehicle Value reading was 127 for July,…
    Written on Friday, 05 August 2016 14:32
  • Manheim Milwaukee Raises Money for Veterans
    Manheim Milwaukee Raises Money for Veterans A group of Milwaukee-area veterans will soon take a memorable trip to Washington, D.C., thanks to Manheim Milwaukee Auto Auction’s initiative to support Stars and Stripes Honor Flight, an organization…
    Written on Monday, 26 September 2016 03:09
  • Cox Names Financial Services President
    Cox Names Financial Services President Cox Automotive announced that Shane O'Dell has been named president of financial solutions. O'Dell will oversee NextGear Capital. He will report to Mark O'Neil, chief operating officer of Cox Automotive…
    Written on Friday, 02 September 2016 14:35
  • NAAA Boosts Prize Amount
    NAAA Boosts Prize Amount In August, the NAAA Executive Committee approved an additional $10,000 to be awarded to the 2016 NAAA Auto Auction of the Year, bringing the total prize to $25,000.The four Chapter…
    Written on Tuesday, 06 September 2016 14:48