Peoples Security Bank & Trust $1.15M Class Action Settlement

Peoples Security Bank & Trust $1.15M Class Action SettlementPennsylvania residents whose vehicle Peoples Security Bank & Trust repossessed between 2008 and 2017 may qualify to receive a cash payment from a settlement.Peoples Security Bank & Trust $1.15M Class Action SettlementWeekly NewsletterClass actions settlements delivered to your inbox.Thank you! Check your inbox for a welcome email.Oops! Something went wrong while submitting the form.Nicole AljetsEditor & Community ManagerPublishedAugust 11, 2026 11:47 AMUpdatedAugust 24, 2026Join the DiscussionConsumers with a Pennsylvania address who financed a motor vehicle through, or had their consumer loan or installment sales contract assigned to, Peoples Security Bank & Trust or Peoples Financial Services and had their vehicle repossessed between Sept. 15, 2008, and Nov. 7, 2017, may be eligible to receive approximately $1,300 from a class action settlement.Peoples Security Bank & Trust Co. and Peoples Financial Services Corp. agreed to pay $1,152,673 to settle a class action lawsuit alleging violations of Pennsylvania’s Uniform Commercial Code, the Motor Vehicle Sales Finance Act and the Fair Credit Extension Uniformity Act related to vehicle repossessions and debt collection practices.Who are the class members?Class members are borrowers and co-borrowers who meet the following criteria:They financed a motor vehicle primarily for personal, family or household use through Peoples Security Bank & Trust, or they had a consumer loan or installment sales contract assigned to Peoples Security Bank & Trust or Peoples Financial Services.Peoples Security Bank & Trust repossessed their vehicle or directed a third party to repossess their vehicle between Sept. 15, 2008, and Nov. 7, 2017.