Tag Archive

Is the Dam Ready to Break? Auto Delinquency on the Rise

Published on April 25, 2017 By Cucolle1

Scary U.S. Auto Loan Debt Numbers Foreshadow Economic Downturn Rising U.S. Auto Loan Debt a Symptom of Bubble Economics Permeating Society Auto industry sales have come back from the “Great Recession” grave, but U.S. auto loan debt threatens to relegate the industry to purgatory. Rock-bottom interest rates have allowed consumers to gorge on debt for too […]

Allied Finance Adjusters Secures New Insurance Options for its Members

Published on March 6, 2017 By Cucolle1

“The Largest Not-For-Profit National Trade Association Of Repossession Specialists Since 1936” Allied Finance Adjusters has the Solution! PRESS RELEASE Many of you may already be aware of the notice of intent to cancel every trade association’s current $1,000,000 and $5,000,000 insurance policies by the carrier, Travelers Insurance Company.  This stems from a six month long […]

Santander Decides Not to Use GPS

Published on February 27, 2017 By Cucolle1

Dallas-based Santander Consumer USA Holdings Inc., one of the country’s biggest subprime auto lenders, has decided not to use GPS-tracking and ignition kill switch technology as regulators clamp down on the devices, an executive said.   Read More!

Supreme Court to Review Santander FDCPA Lawsuit

Published on January 17, 2017 By Cucolle1

Washington, DC – 13 January 2017 – The U.S. Supreme Court on Friday agreed to decide whether firms collecting on debt they bought for pennies on the dollar can be held liable in lawsuits brought by debtors they targeted under a federal law cracking down on debt collectors’ abusive practices. The justices agreed to review […]

When Does and Independent Contractor Become an Employee?

Published on November 10, 2016 By Cucolle1

Guest Editorial There is a strange phenomenon occurring in the asset recovery industry consisting of deep client involvement in the repossession process related to the control and intrusion in the actual act of the repossession. For some reason the clients seem to be more involved with controlling the actions of the agent in the field […]

Come Celebrate CALR’s 54th Annual Convention!

Published on October 21, 2016 By Cucolle1

Come Celebrate CALR’s 54th Annual Convention October 27th- 29th 2016 Knott’s Berry Farm Hotel Families and kids of all ages are welcome! This is a special time of the month for Knott’s Halloween Scary Farm! Limited supply of discounted Knott’s Scary Farm “Haunt” (night tickets) &  Theme park discounted (day) tickets are available at convention. […]

John Stumpf – From Repo Man to the Corner Office at Wells Fargo

Published on October 13, 2016 By Cucolle1

October 13, 2016 – By now, we’re all familiar with the Wells Fargo Banking scandals, but what many may not know, is the humble beginnings of the now despised and displaced CEO John Stumpf had taken on his way to the top of one of the largest Banks in the world.   Read More!

Auto Delinquencies Continue to Climb

Published on October 3, 2016 By Cucolle1

Detroit, MI, 30 September 2016 – The delinquency rate on subprime auto loans rose in August, and a credit rating agency that monitors the market said the trend likely will continue through the rest of 2016 as prices of used cars continue to fall. The delinquency rate has been trending upward throughout 2016 and now approaches peak […]

Wells Fargo to Pay $24.1M for Illegal Repossession of Service Members Vehicles

Published on September 30, 2016 By Cucolle1

The reputation of Wells Fargo & Co. took another blow Thursday when it agreed to pay $24 million for the improper repossession of cars owned by members of the U.S. military.   Read More!

Changes to UCC Will Change Auto Lending Practices

Published on September 9, 2016 By Cucolle1

Guest Editorial The National Consumer Law Center (NCLC) is proposing major changes to article 9 of the Universal Commercial Code (UCC) which would materially affect consumer lending and how repossessions are done. If states adopt this latest proposed revision of the UCC, it would dramatically change repossession and lending practices and increase the potential for […]

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