VTS and WELTMAN, WEINBERG & REIS CO., LPA Present Webinar #4: “Compliance Management and UDAAP”

VTS-logo-Large5Ensuring your Compliance Management System addresses risk factors related to Unfair, Deceptive and Abusive Acts and Practices (UDAAP)  

FOR IMMEDIATE RELEASE:  August 28th, 2013

TUCSON, AZ – Vendor Transparency Solutions, LLC, an Arizona based compliance management company, and Michael J. Dougherty of Weltman, Weinberg & Reis- the nation’s largest creditors’ rights law firm, are announcing Webinar #4: Compliance Management and UDAAP.

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The Loan Service Center Announces Payment Reminder

cu_recovery_logoA  New Collection Service for Credit Unions


Wyoming, MN August 26, 2013 – The Loan Service Center, Inc. has launched a new service that focuses on early unpaid accounts.  Their Payment Reminder service has been designed to impact collection results on accounts that are 10-30 days delinquent and overdraft share accounts.

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CUCollector Retraction of “A Letter to the Forwarders from Bill Alvarez”

As demanded by Gene A. Wheeler, ADESA Sr. Corporate Counsel, CUCollector would like to publish the following statement.

“CUCollector would like to issue a statement correcting our error to all of the subscribers to which the original “editorial”, “A Letter to the Forwarders from Bill Alvarez”, was sent.

Also as demanded by PAR, CUCollector has retracted this “editorial.

CUCollector understands that our failure to comply with this request will lead PAR to examine their legal options, including the filing of a lawsuit for injunctive and monetary relief.

CUCollector would like to also state, that as a long time client of ADESA in my capacity as a lender, I had never had any prior problems with ADESA, nor to my knowledge has ADESA had any with me, and I had always previously held them in high regard.” 



Experienced Vehicle Transition Industry Executive Joins ROA’s Team


Pasadena, Calif., August 5, 2013 – ROA, the premier full-service risk management and loss mitigation experts in recovery and remarketing services for the financial services community, is pleased to announce a new member of its team. By growing its team, ROA will expand on its ability to provide the excellent customer care and innovation that its customers have come to expect.

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Primeritus says “NO” to Language that Protects Agents !!!

handshakeGuest Editorial

Yes that this correct, “NO HOLD HARMLESS” !

Back in early March of this year Primeritus introduced a new contract to this industry that wasn’t even worth using for toilet paper. It contained language that posed great security concerns to an agent, allowing anyone to forcefully enter your yard, $250 cleaning fee for not removing trash from a car, charges for audits, and the list goes on….

FLACARS published a 16 question survey to agents nationwide and the response was overwhelming with 90% of those responding stated they would NOT sign the contract as presented.

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Park that Camera Car…LPR Legal in Arkansas?

alpr_camera2Guest Editorial

Manassas, VA – 15 August 2013 – If you have camera cars or LPR cameras on your trucks, take heed… the 2013 Regular Session of the 89th General Assembly of the State of Arkansas, passed this law that goes into effect 12:01AM Friday, August 16, 2013.  This is taken from AR House Bill 1996, which is now Act 1491 Entitled: “An Act to Regulate the use of Automatic License Plate Reader Systems; and for other purposes.”, Subtitle: “To Regulate the use of Automatic License Plate Reader Systems.”

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Experian: Auto Repossessions Reach Lowest Rate on Record


Thirty-day delinquencies drop and 60-day delinquencies remain flat as auto lending market stays strong

Press Release

Schaumburg, Ill., Aug. 13, 2013 — Experian Automotive today announced that quarterly vehicle repossessions dropped by 14.8 percent to achieve the lowest rate since it began tracking the data seven years ago. According to its latest State of the Automotive Finance Market report, 0.36 percent of all vehicle loans ended in a repossession, down from 0.43 percent in Q2 2012. This change also represented a 10.4 percent decrease from the previous low of 0.41 percent in Q2 2006.

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feet_bchGuest Editorial

Greetings from the great state of Alabama Roll Tide Roll!!!

Sabbatical: or a sabbatical (from Latin sabbaticus, from Greek sabbatikos, from Hebrew shabbat, i.e., Sabbath, literally a “ceasing”) is a rest from work, or a break, often lasting from two months to a year. The concept of sabbatical has a source in shmita, described several places in the Bible (Leviticus 25, for example, where there is a commandment to desist from working the fields in the seventh year).  In the strict sense, therefore, a sabbatical lasts a year.

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