Massachusetts Attorney General Andrea Joy Campbell has reached a $7.6 million settlement with Toyota Motor Credit Corporation over allegations that it failed to give certain consumers required post-car repossession information that apparently could affect debt owed, the attorney general’s office announced.
Specifically, the attorney general’s office said Toyota Motor Credit, which provides financing, leasing and other financial services, was alleged to have committed “illegal auto loan collection practices” centered on failing to give “certain consumers sufficient information about the the calculation methods for deficiencies left on their auto loans after their cars were repossessed.”
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