Once upon a time, if you fell behind on your car loan, the repo guy came out in the middle of the night and took your collateral-on-wheels back. These days, there are small GPS devices that can remotely disable the ignition until the borrower pays up. However, one auto lender is currently facing a federal investigation for its use of this technology. [More]
repossessed
Wells Fargo Repossesses Fully Paid-Off Car
By 11.2.10
Looks like banks are really bad at more than just home foreclosures. A woman in Tacoma, WA, was left car-less after Wells Fargo had her vehicle repossessed, even though she owned her car outright. [More]
