Irvine, CA – December 27, 2012 – A man is suing BMW for fraud, assault and false imprisonment claiming that Irvine BMW employees pushed and held him down while a repossession agent punched him as they repossessed his faulty luxury car at the dealership.
Omaha, NE – December 22, 2012 – According to a Federal indictment, an Omaha police detective received more than $10,000 for information sold to a car dealership that they used to repossess almost 60 vehicles.
Clarksville, TN – December 16, 2012 – Forty-two year old Anthony C. Garrett was more than just a little dismayed when he discovered that his car was being repossessed and took things just a little too far.
With the advent of the Consumer Financial Protection Bureau (CFPB) the operative words in today’s world of self-help repossession services are “compliance” and “risk management.” To meet the new compliance and risk management requirements RISC is excited to announce the new Collateral Recovery Specialist Compliance and Operations Manual.
With the advent of the Dodd-Frank Consumer Protection Act and its enforcement arm, the Consumer Financial Protection Bureau (CFPB) the new “buzz” word in the lending industry and the collateral recovery industry is compliance. Throw in the FDCPA, GLBA, SCRA, FCRA, etc., etc. it becomes abundantly clear that the potential for liability and litigation is daunting.
Allied Finance Adjusters has released their new state of the art website. The member search function on the home page allows quick and seamless access for clients to locate AFA members nationwide.