Colorado borrowers will receive $4 million in settlement from Bellco and Canvas credit unions in GAP fee case
This repossession and payoff process deficiency has existed in most credit unions for decades has existed for decades. It was just a matter of time until it caught up to someone, and boy did it! If your credit union has not already addressed these refund issues, you had better get into gear.

Colorado AG Settles for $4M with Credit Unions over GAP Refunds –Credit Union Collections – Credit Union Collectors – Colorado






More Stories
Auto Lending Accelerates as Borrower Credit Quality Slips
After the Repo: When Does a Credit Union Finally Admit the Loss?
Auto Lending Is Moving Down the Credit Risk Ladder – Collections and Repo May Follow
The Vendor Scorecard Playbook: Your Head Start on 2027
The Fraud Factory
Holmes Motors to Pay $137,000 Over Alleged Violations of Servicemembers’ Vehicle Lease Rights