Archive for February, 2016

Are The Repossession Associations Dying?

February 29, 2016

Guest Editorial We have heard from some that, with the rise of repossessors working direct for large forwarders or major lenders, that the role of repossession trade associations are on the wane.   Read More!

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CORP Issues Statement on Service Agreement Contracts

February 25, 2016

25 Feb 2016 – It has become more and more frequent that we as an industry have been asked to sign service contracts which are one-sided in many respects, providing maximum protections to the financial institutions while exposing our industry to greater liability, even in cases where the financial institutions are solely responsible for the […]

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Posted in Press Releases | 3 Comments »

HELP !!! The Recovery Industry is Under Major Attack!!!

February 24, 2016

A large national forwarder is attempting to change 493 PRESS RELEASE Fellow recovery agents, just like they tried last year, a large national forwarder is attempting to change 493 and attempting to create an exemption for themselves from licensure! For the second year in a row they are attempting to change the definition of what a recovery agency […]

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Posted in Press Releases | 3 Comments »

Are Creditors Liable for the Acts of Recovery Agents?

February 24, 2016

Guest Editorial Even today many creditors will argue that they are not responsible for the acts of the collateral recovery specialists they hire to recover their defaulted collateral. Their argument, which the courts disagree with, is that the collateral recovery specialist is an “independent contractor” and therefore must assume the liability associated with the self-help […]

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Posted in Editorials | 4 Comments »

ROA AWARDS AUCTION OF THE YEAR

February 24, 2016

Manheim New Mexico recognized for outstanding performance FOR IMMEDIATE RELEASE PASADENA, Calif., February 22, 2016 — ROA, the premier risk management and loss mitigation provider of recovery and remarketing services for the financial services community, announced today Manheim New Mexico as its second national auction of the year ROA BlueAward winner.   Read More!

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VTS & RepoPulse Partner for Webinar to Help Agents Build for the Future

February 20, 2016

  PRESS RELEASE It can be easy for those working at repossession agencies to develop tunnel vision at times and focus most of their concentration on finding cars. If repossession agents can’t find cars, there really isn’t a need to worry about anything else.   Read More!

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Repo Men Threatened with Gun at Point Blank Range

February 18, 2016

Schuylkill County, PA – 16 February 2016 – Two men were threatened by another man with a gun at point blank range while trying to repossess a camper on Monday night.   Read More!

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NARS 2016 Breaks Existing Records

February 17, 2016

The North American Repossessors Summit Sets All-Time Registration and Exhibitor Records FOR IMMEDIATE RELEASE IRVING, Texas – February 12, 2016 – The North American Repossessors Summit (NARS), an industry event hosted by American Recovery Association, Inc. (ARA) and Harding Brooks Insurance is proud to announce that all exhibitor spots for its eighth annual event are […]

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Miss Repo Man Takes Fire

February 16, 2016

Jackson, MS – February 12, 2016 – Repo man Mitchell Harrison was working on collecting a red Mustang on Deer Park Street in Jackson Friday morning when he said the situation took a turn for the worse.   Read More!

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National Standardized Training and Safety Credentialing Program For Asset Recovery Agency Support Personnel

February 12, 2016

PRESS RELEASE 02/11/2016 –The majority of lending institutions, under the scrutiny of the Consumer Financial Bureau, are required to use only third party service providers with proper compliance and training. In the late months of 2014 the members of the highly respected Eagle Group XX developed a standardized training and safety credentialing program specifically designed […]

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