RAPID CITY, S.D. (PRWEB) April 27, 2015 -Tyler Rust son of Tim Rust (Double Eagle Services Recovery Agent), has been named a Udall Scholar. Tyler a junior at South Dakota School of Mines and Technology is a Geology major and Geospatial technology minor. Tyler chose his field of study to protect and develop tribal public policies with an eye to environmental concerns, sustainability and stewardship of the land. Tyler will be spending the summer studying in Turkey. Tyler’s father Tim Rust has been a recovery agent for Double Eagle since 1994.
South Dakota School of Mines & Technology junior Tyler Rust from Rapid City has been awarded the $5,000 Udall Scholarship, one of five prestigious, national scholarships established by the U.S. Congress. Rust is the second SD Mines student to ever win the scholarship.
Wyoming, MN May 19, 2015. Most companies apply performance measurements to evaluate their success at reaching targets, as well as their effectiveness in achieving key business objectives. Credit union collection departments also look at performance indicators to measure recoveries, delinquency levels, and the number of charge offs. CU Recovery, the leading collection resource for credit unions, observes that when collection departments concentrate on metrics and averages, overall performance can be diminished. The company agrees, that while performance indicators are important factors, it has nonetheless reverse engineered the traditional mindset in order to establish a focus on collection call quality as a key factor in improving process and impacting financial results.
Webster County, WV – May 7, 2015 – A Webster County husband and wife gunned down three people when the trio came to the couple’s home to repossess a washer and dryer in June 2012, then tried to haul one of the three bodies away by tying it to the back of an all-terrain vehicle with an extension cord, could not convince the West Virginia Supreme Court of Appeals that their convictions were unwarranted.
May 14, 2015 – Due to the numerous compliance mandates by the CFPB and commercial lenders that manage portfolios exceeding $900 Billion, it becomes clear that there is a critical need for a nationally recognized professional certification program for recovery agents who specialize in commercial asset recovery.
Recovery Industry Services Company (RISC) is proud to announce the Certified Commercial Recovery Agent (CCRA) National Certification Program in conjunction with the Author, Mark Lacek. Mark has over 25 years experience in the commercial asset recovery industry and is certified in both federal and state court to consult and provide expert opinions on Wrongful Repossession litigation.
I’ve written on this topic twice before and didn’t think I would need to write about again. But as new collectors come into this industry, old lessons are not always passed on. So here’s the lesson.
It’s a little before 3:00am, very quiet. A tow truck is idling up backwards into a driveway intending to repossess a Ford truck. Suddenly the lights in the house come on and a man runs outside. The repo driver, afraid for his life, drives away and leaves the Ford behind. 15 minutes later, another repo man backs up into the same driveway. This time the debtor is waiting on his porch with a 30-30 telescopic rifle and he shoots the repossessor through the neck and both lungs, killing him.
Washington, DC – May 8, 2015 – Olga Arroyo said she went to an auto dealership in the Bronx last year planning to cosign a car loan for her 39-year-old son.
But the 56-year-old Manhattan resident, who has good credit but monthly income of only $1,354 in Social Security benefits, said she unwittingly left with a $51,000 car loan in just her own name. How she got the loan, funded through J.P. Morgan Chase & Co.’s auto-financing arm, is the subject of a lawsuit filed this past week in U.S. District Court for the Southern District of New York. The suit claims the bank and the dealership violated federal consumer-protection statutes and unlawfully deceived her into purchasing a car she didn’t want and couldn’t afford.
The 2015 Recovery Specialist Insurance Group (RSIG) & Allied Finance Adjusters Conference Annual Meeting is coming up – less than 50 days away! If you’re not signed up for this must attend event take advantage of the promo code “MOM15” to get registered today.
Last year over 520 people attended, making it the largest repossession industry event, and our registration block is already more than 90% filled at this point. Space is limited and more and more attendees, exhibitors and lenders are registering daily!
The majority of lending institutions, under the scrutiny of the Consumer Financial Bureau, are required to use only third party service providers with proper compliance and training documents. In the late months of 2014 the members of the highly respected Eagle Group XX developed a standardized training and safety credentialing program specifically designed for the men and women who work recovery assignments in the field.
As another fiscal year for my company is coming to an end, it is time to start planning for the next one and as I do every year I get to dive into last year’s budget to begin the process of building a new one. This gives me clear insight as to what we were able to accomplish and what we believe we will accomplish next. It also allows me the advantage to see if my predictions we correct, were there trends that I didn’t anticipate, and so on. I firmly believe that this is the single greatest tool a business owner or manager can have to run their company.
This particular year my curiosity got the best of me and in addition to looking at the previous year I decided to go back even farther.