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 […]
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 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. […]
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!
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 […]
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!
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 […]
Banks’ loan losses from car financing have risen to a six-year high, new figures show, as the patchy labour market and the mining slump causes more borrowers to fall behind on their payments. Fitch Ratings says the proportion of automobile loans that suffered a loss after lenders sought to repossess the vehicle rose to 0.62 per cent in the June […]
Golden Nugget Hotel and Casino Las Vegas, NV September 21st – 23rd 2016 Coming off of the very successful 2016 Convention in May, the Allied Finance Adjusters are proud to announce the dates of the 2016 Midyear Meeting at the fabulous Golden Nugget in Las Vegas Nevada Sept 21st – 23rd 2016. Read More!
Legal Experts Will Talk About How Agents, Lenders Can Stay Compliant August 16, 2016 – RepoPulse.com is excited to host a free webinar on Thursday, August 18 at 1pm EDT to help make sure repossession agents and auto lenders are not getting caught up in the growing number of legal cases alleging violations of the […]