Getting Back to the Point – The Heart of the Santander CARS Mandate Editorial

EDITORIAL REBUTTAL

Our initial editorial titled “Santander Demands CARS Certification – The Contingent Fee Contradiction” we addressed the issue of Santander/Chrysler demanding that all of their approximate 700 agencies be CARS Certified. Despite our extreme efforts to distance any blame on RISC, CARS or Joe Taylor, Stamatis Ferrolis or Mark Lacek, all of their editorial responses focused solely upon their defense. It seems like either they all miss the point or perhaps they agree with us and just can’t say it?

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American Recovery Association Announces Partnership with Recovery Database Network

FOR IMMEDIATE RELEASE

IRVING, Texas, September 15, 2017 – The American Recovery Association (ARA), the world’s largest association of recovery and remarketing professionals, is excited to announce a new partnership with Recovery Database Network (RDN). RDN, a business unit of KAR Auction Services (NYSE: KAR), is a specialized provider of software and data solutions related to the recovery of assets for the automotive finance industry. The agreement will help lenders manage and monitor vendor compliance by integrating ARA’s Compliance Monitoring System and compliance metrics with the various software solutions offered by RDN.

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RABF to Manage Hurricane Relief Fundraising for Repossession Industry

FOR IMMEDIATE RELEASE

The Recovery Agents Benefit Fund has been asked by the leaders of American Recovery Association, Allied Finance Adjusters Conference Inc., Time Finance Adjusters, CALR, RSIG and by the editor of CUCollector to step up and to accept donations for those who may be affected by Hurricanes Harvey which struck the Gulf and Irma which made US landfall this weekend in Florida.

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Repo Agencies in Hurricane Path Report Lenders Not Allowing Vehicles to be Transported – Important Information for Lenders & Forwarders!

EDITORIAL

It has been brought to the attention of several repossession association Presidents, that there are Lenders out there that appear to be obstructing the release and transport of vehicles from the lots of repossession agencies in the path of Hurricane Irma while also requesting more cars be repossessed up to the last minute. We know who you are, and at this point we are hoping that this is merely a misunderstanding and not an obvious attempt to force insurance losses on any repossession agency instead of your own insurance coverage.

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Santander Demands CARS Certification – The Contingent Fee Contradiction

Editorial

We’ve been getting a lot of laughs lately, as well as some copies of cancellation letters being sent to lenders and forwarders over their ludicrous demands. If you work for Santander/Chrysler you should have already received their latest demand for CARS Certification. While we strongly support the CARS program created by the respected industry veterans, Joe Taylor and Stamatis Ferrolis and RISC, we find the Santander/Chryslers demands almost laughable considering they demand their agents partake in the obviously dangerous practice of contingent assignments.

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Contingent Work = Casual Work?

Editorial

The other day, I was sent an email from a leader at one of the major trade associations that just about made me laugh, if only for the fact it is so ridiculous, farfetched and outright outrageous. I was shown the Wikipedia definition of Contingent Work. You know, as in contingent assignments?

Contingent work or casual work is an employment relationship which is considered non-permanent. These jobs are typically part time (typically with variable hours), have limited job security, and result in payment on a piece work basis. Contingent work is usually not considered to be a career or part of a career. One of the features of contingent work is that it usually offers little or no opportunity for career development. Contingent workers are also often called freelancers, independent professionals, temporary contract workers, independent contractors, or consultants

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The 9th Annual North American Repossessors Summit Continues to Raise Bar for Recovery Industry

NARS 2017 proves to be bigger and better than ever before

DALLAS, Texas – July 31, 2017 – The North American Repossessors Summit (NARS), an industry event hosted by American Recovery Association, Inc. (ARA) and sponsored by Harding Brooks Insurance, is proud to announce the success of NARS 2017. The 9th annual event ushered in a new era for the recovery and remarketing industry. From a record-breaking attendance of more than 600 attendees, including recovery and remarketing professionals and lenders, to a wildly successful auction contributing over $30,000 (up nearly $25,000 from last year) to the Recovery Agents Benefit Fund (RABF), NARS proved once again to be the “must attend” event of the year.

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Response to Pennsylvania forming CFPB

FOR IMMEDIATE RELEASE

There is big news out of Pennsylvania this morning affecting the financial Institution and third-party service provider world. Pennsylvania Attorney General Josh Shapiro announced the formation of a State of Pennsylvania Consumer Finance Protection Bureau.

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Women in the Repossession Industry – Making their Mark

Joan Hudson is a legend in the repossession industry and has definitely made her mark as a role model for getting involved and making things happen.  She was a pioneer in a male dominated industry and committed herself to educating others about the repossession industry. She is currently the owner of A.R.B. of Louisiana and the President and Owner of A.R.B. Investigation Agency.  She has grown her company from one location to seven offices statewide so no agent has to drive more than 65 miles.

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Pressing Issues of Our Time

FOR IMMEDIATE RELEASE

As we quickly approach the arrival of our 9th anniversary of the first North American Repossessors Summit (NARS), I thought I would reflect some on where we are today as an industry.

For starters, many of the people who attended the first conference are no longer in the business, and I am concerned many who attend this year’s event won’t be in business next year.

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