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Arkansas Federal Credit Union
Arkansas Federal Credit Union agreed to forgive $2.35 million in outstanding balances to resolve claims of improper vehicle repossessions.
ClosedArkansas onlyClaim status: Claim window closedPayout: VariesNo longer claimable
About this settlement
Settlement addresses improper vehicle repossessions by Arkansas Federal Credit Union between May 2018 and July 2021.
This settlement resolves claims that Arkansas Federal Credit Union violated repossession laws by improperly repossessing vehicles and failing to provide required notices. Eligible class members may receive debt forgiveness or other benefits as part of the $2.35 million settlement fund.
Who qualifies
- Borrowers, co-borrowers, and guarantors on AFCU automotive loans with repossession between 2018-05-15 and 2021-07-23.
- Must have received post-repossession notices of sale.
- Must not have filed bankruptcy since repossession.
- Must not have settled the finance agreement amount due or had a judgment entered related to the finance agreement.
Varies
Claim status: Claim window closed