A Pennsylvania federal district court has ruled that the plaintiffs’ allegations that notices of repossession sent by a bank failed to comply with the state’s Motor Vehicle Sales Finance Act (MVFSA)  were sufficient to state a claim under the Pennsylvania Uniform Commercial Code (UCC).   As a result, the court denied the bank’s motion to dismiss the plaintiffs’ class action complaint.… Continue Reading

On May 31, 2023, the Federal Trade Commission (“FTC”) requested public comment on a petition for rulemaking it received from six national consumer advocate groups regarding “yo-yo sales,” a term the groups use to refer to motor vehicle sale transactions where credit terms or other deal terms are changed post-purchase and delivery of the vehicle because of a financing contingency. … Continue Reading