10 November 2017 – It was a beautiful day in Cinnaminson, New Jersey as dozens of credit union collections managers and collectors gathered at the Riverton Country Club for the first ever Credit Union Repossession and Remarketing Summit 2017.
Albuquerque, NM – 17 November 2017 – Officers said a man tried to pull over another driver with his police lights. However, he’s not a cop. Last month, an officer in an unmarked unit spotted a tow truck near I-25 and San Antonio “with red and blue flashing overhead lights.”
Battle Creek, MI – 19 November 2017 – Battle Creek police are seeking warrants for felonious assault for a man, 35, and his wife, 36, after a Jackson man said he was injured while trying to repossess the couple’s pickup truck. Officers were called to the 100 block of Heather Ridge Road at 9:48 p.m. Thursday by the 34-year-old Jackson man working for Dynamic Recovery Service.
Washington, DC – 15 November 2017 – Richard Cordray, the Director of the Consumer Financial Protection Bureau (“CFPB”), announced Wednesday that he plans to step down from that post by the end of the month. Cordray’s term was otherwise set to expire in July of 2018.
So, what does this mean for the collections and repossession world?