97 The U.S. Department of Justice announced on Wednesday that Hyundai’s and Kia’s American financing arm will pay $334,941 to settle charges of unlawfully repossessing vehicles owned by military service members. According to court documents filed in Los Angeles federal court, Hyundai Capital America violated the Servicemembers Civil Relief Act between 2015 and 2023 by repossessing 26 vehicles whose owners had initiated loan payments before entering active duty. While not admitting wrongdoing, Hyundai Capital America expressed its commitment to supporting military families and enhancing compliance with all Servicemembers Civil Relief Act requirements. This settlement follows similar claims against other financing companies, including General Motors, Nissan, and Wells Fargo financing arms, under the servicemembers law in recent years. You Might Be Interested In MassMutual Partners with Insurify to Expand Insurance Offerings American Airlines, Union Negotiations Stall: Strike Looms Citi Streamlines Payments with Real-Time Funding for Businesses Edmond de Rothschild Group to Open Office in Saudi Arabia and Launch Infrastructure Finance Platform Asia Shares Reach Seven-Month High Ahead of US Jobs Data Adobe and Microsoft Collaborate to Introduce Enhanced Generative AI Features for Marketers Within Microsoft 365 Applications
