On October 30, 2020, a judge of the Superior Court of the District of Columbia granted final approval on a settlement for Washington v. Navy Federal Credit Union (NFCU) (Case No. 2019 CA 005735B) valued at $800,000. Our firm represented the plaintiff on behalf of many individuals whose rights were violated by Navy Federal Credit Union’ vehicle repossession practices. Consumers alleged NFCU, following repossession, failed to provide proper notification as to the storage location of the vehicle in question, or the amount required to redeem the vehicle. Interim storage, prior to the sale of the repossessed vehicle, also often occurred outside of the District, in violation of DC law. Further, NFCU would, without prior notification, sell the vehicle at auction, despite previous express notice to consumers that it would pursue private sale, and charge consumers excess fees related to the vehicle’s repossession and unlawful storage.
The judge granted the settlement through which each affected party in the lawsuit received no less than $748.12 based on the details of their vehicle repossession, deficiency collection relief, and certain tradeline deletions. For more information on the settlement, visit: http://www.nfreposettlement.com/
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