115 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 Lockheed Martin’s PAC-3 MSE, Integrated With Aegis Weapon System, Successfully Defeats Target in Flight Test FTC Challenges Kroger-Albertsons $25 Billion Merger Amid Concerns Over Rising Grocery Prices Berkshire Hathaway Trims BYD Stake: $39.8 Million Sold US Banks Pass Fed Stress Test Despite Steeper Losses UPS Announces Significant Holiday Surcharges Amidst Industry Challenges LKQ Corporation Executes Agreement to Sell Elit Polska in Poland to MEKO AB
