Episode 321: What is going on with auto repossession?

This episode examines a recent report from the Consumer Financial Protection Bureau (CFPB) that was issued in January 2025 titled “Repossession in Auto Finance.” In February 2023, the CFPB launched the auto finance data pilot to obtain data from various auto lenders regarding accounts originated or with servicing activity from January 1, 2018, through December 31, 2022. The level of available data on repossessions is significantly less compared to other credit markets. This study sought to provide more information around types of borrowers, how they may lose access to their vehicles, the consequences of vehicle loss, and repossession fees. A link to the report is included below.

Link: Repossession in Auto Finance