West Virginia AG reaches consumer protection settlement
CHARLESTON, W.Va. (AP) — West Virginia’s attorney general says his office has reached a settlement over allegations that a leasing company unlawfully repossessed vehicles.
Attorney General Patrick Morrisey says in a Thursday release that the settlement with Auto Trakk LLC was valued at nearly $900,000.
Morrisey says the company paid the state $100,000 and ceased any efforts to collect $790,000 in consumer debt. He says the company also agreed to recall any consumer accounts turned over to collections and to vacate any judgments related to the accounts.
Auto Trakk denied any wrongdoing and entered into the settlement to resolve the dispute and avoid litigation expenses. It also was accused of making misrepresentations regarding credit repair.
Morrisey says the settlement, agreed on in May, was fully satisfied this month and the case was dismissed recently.