New City Funding Corp.

On September 29, 2025, New City Funding Corp.  agreed to a settlement resolving allegations that it violated the Servicemembers Civil Relief Act (SCRA) by repossessing vehicles owned by SCRA-protected without obtaining court orders.  As part of the settlement, New City must pay at least $60,000 to compensate servicemembers and pay a $60,000 civil penalty to the United States.  The settlement also requires New City to revise its policies and training to avoid future SCRA violations.

Press Release - 9/29/2025