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Attorney Eric Johnson and Allen Denson of Hudson Cook discuss regulatory issues at the recent National Alliance of Buy-Here, Pay-Here Dealers conference.

Couple Sues Chase, Repo Providers

Couple Sues Chase, Repo Providers Featured

A Wisconsin couple has sued Chase Auto Finance and its third-party providers, alleging they were victims of the illegal taking of their car.
In the complaint, the defendants – Chase Auto Finance Corp., Tri-State Recovery, and Primeritus Financial Services – are charged with violating several provisions of the Wisconsin Consumer Act and the Fair Debt Collection Practices Act. 
The suit states the defendants repossessed a vehicle belonging to Ron and Teresa Olstad. The couple claims it was completely paid for and they had a clear title in their hand. 
The Olstads allege that during their protest to the repossession, they even went with the repossession agents to a Chase Bank branch.  They contend the branch manager turned a blind eye to their paperwork and said their car could be taken.
After the suit was first filed in March, the defendants filed a motion to compel arbitration.
The defendants maintain that the now-complete contract between Chase and the Olstads requires that the dispute with all defendants proceed in private arbitration.

Last modified on Friday, 30 June 2017 01:47
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Buy-Here, Pay-Here Operators Plead Guilty To Laundering Money

Buy-Here, Pay-Here Operators Plead Guilty To Laundering Money

The owners of a buy-here, pay-here operation in Louisiana recently pleaded guilty to laundering money for drug dealers.William Paul Boyter, Michael Paul Boyter and Anthony Reuben Riley, all of Shreveport,...

Auto Finance Tops $1 Trillion

Auto Finance Tops $1 Trillion

The total balance of open automotive loans climbed 11.1 percent in the first qua...

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