Archive for December, 2012

BMW, Dealer and Repo Company Sued for Assault

December 29, 2012

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.  Read More!

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Memphis Man Arrested for Threatening Repo Man at Gunpoint

December 29, 2012

Millington, TN – December 28, 2012 – A Thursday afternoon repossession turned ugly when a Memphis Repo Man found himself with a gun to his head.  Read More!

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Repo Employee Arrested for Theft

December 27, 2012

Upper Nazareth Township, PA – December 18, 2012 –  A 22 year old repo employee fired in October has been arrested and charged with counts of fraud, theft and receiving stolen goods.    Read More!

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Omaha Detective Charged with Selling Police Records for Repossessions

December 25, 2012

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.    Read More!  

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Frantic Man Tries to Drive Vehicle off of Wheel Lift during Repossession

December 25, 2012

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.    Read More!  

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Collateral Recovery Specialist Compliance and Operations Manual

December 18, 2012

Press Release   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.      Read More!

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Two Arrested For Threats and Damaging a Repo Truck

December 18, 2012

Utica, NY – December 11, 2012 – Two people were arrested after violently obstructing a repossession and smashing the two truck’s windshield.     Read More!  

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The “Compliance” Issue we are Missing

December 16, 2012

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 […]

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Phony Repo Man Busted!

December 15, 2012

Beaufort County, SC – December 14, 2012 – A 37 year old man faces time in prison and a fine for charges of felony obtaining goods under false pretenses and failure to obtain a business license.    Read More!  

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AFA Unveils its New State of the art Website!

December 14, 2012

Press Release 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.       Read More!      

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