Wells Fargo to Pay $24.1M for Illegal Repossession of Service Members Vehicles

wfbThe reputation of Wells Fargo & Co. took another blow Thursday when it agreed to pay $24 million for the improper repossession of cars owned by members of the U.S. military.

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Quick Fix in the Field Suggestions to Keep You on the Road

repair_1

FOR IMMEDIATE RELEASE

Have you ever been in a debtor’s driveway attempting to repossess a vehicle and something goes wrong with your equipment?  It’s happened to all of us at one time or another. Leaving you stranded or having to walk away from the targeted vehicle. In most cases there is always another solution.

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Repo Man Held at Gun Point by Convicted Felon

bwi_wepns1Jay, ME – 23 September 2016 – A local man is accused of firing three shots in the general direction of a wrecker operator attempting to repossess a vehicle Wednesday night on Intervale Road, police said.

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Man Arrested for Robbing Repo Man on Highway

r_jrdanShreveport, LA – 20 September 2016 – A Shreveport man is now behind bars after he robbed a repo agent over the weekend.

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2,000 Repo’s and Still Making Money$$$

l_herc_pr_9_16_16FOR IMMEDIATE RELEASE

Detroit, MI – 19 August 2016 – After 2000 repo’s the Lil Hercules is still out in the field & making $$$. Let’s hear from a client that has purchased a unit almost 3 years ago and over 2000 repo’s later!

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Chris Becker Promoted to COO

c_beckerCU Recovery & the Loan Service Center Expansion Continues

FOR IMMEDIATE RELEASE

WYOMING, MN – September 13, 2016 – Double digit growth over the last year has prompted CU Recovery and The Loan Service Center to add an additional layer of executive management. The newly created Chief Operating Officer position will help to ensure the companies continue on a path of healthy growth while maintaining their role as the #1 resource for credit union collection departments.

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Time Finance Adjusters Annual Conference… A First in the Industry

TFA_MEDThe Annual Conference of Time Finance Adjusters members was recently held at the Atlanta Airport Gateway Marriott and was a highly successful “FIRST” in the Asset Recovery Industry.

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Repo Man Recovering from Gun Shot Wound to the Abdomen

cdy_leeShot Repo Man is Son of “Eagle” Lee McDaniel

Moreno Valley, CA – 13 September 2016 – A man who was shot while repossessing a vehicle in Moreno Valley on Aug. 30 said he expected to leave the hospital Tuesday, and a person who was arrested minutes after the incident has pleaded not guilty to charges that include attempted murder.

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Another Baby in the Back Repo

crng_bbyTulsa, OK – 9 September 2016 – Is it the parent’s fault or the tow truck driver? Oklahoma police aren’t really sure who to blame in a recent ordeal where a tow truck driver repossessed a woman’s car with her baby still in the back seat.

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Changes to UCC Will Change Auto Lending Practices

auto_ap1Guest Editorial

The National Consumer Law Center (NCLC) is proposing major changes to article 9 of the Universal Commercial Code (UCC) which would materially affect consumer lending and how repossessions are done. If states adopt this latest proposed revision of the UCC, it would dramatically change repossession and lending practices and increase the potential for law suits.

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