Review of the Larger Participant Rule for Non-Banks in the Auto Finance Market and the CFPB’s Examination Procedures FOR IMMEDIATE RELEASE TUCSON, Ariz. – July 28, 2015 – Starting August 31, the auto finance and recovery industries will be further scrutinized by the Consumer Financial Protection Bureau. How that additional regulatory authority will be […]
Stony Point, NY – July 16, 2015 – Daniel Haloi, a 24-year-old “Repo Technician”, is accused of criminal trespass in the second degree after allegedly repossessing a vehicle inappropriately. Read More!
FOR IMMEDIATE RELEASE Two hundred thirty-nine years ago a group of prominent individuals got together and created the great nation we live in today. They aspired to build a nation where people could freely voice their opinions and concerns in order to help better the world around them. One hundred eighty-eight years later (51 years […]
FOR IMMEDIATE RELEASE Litchfield Park, AZ – July 13, 2015 – Good morning everyone!. Don’t forget there are still two NorthLegal conferences coming up in the next few months! Read More!
New Sponsorship Options Available for Eighth Annual North American Repossessors Summit FOR IMMEDIATE RELEASE IRVING, Texas – July 6, 2015 – The North American Repossessors Summit (NARS), an industry event hosted by American Recovery Association, Inc. (ARA), is proud to announce sponsorship opportunities are now available for its eighth annual event, to be held April […]
Guest Editorial Repossession fees have been cut and cut to the point it is getting dangerous. It’s been shown time and time again, when you read these stories about repossessions gone bad, they happened when you have untrained people out there picking up cars and/or they are under undue stress to repossess that car because […]
The mysterious anti-repossession forwarding group, Anonymous has created a humorous but fact filled video explaining the current state of the repossession industry. Albeit in the form of an animated narrator, the purposely formatted “Fairy Tale” entitled “Welcome to a Grim Fairytale About our Total Annihilation“ does a good job of explaining the history of repossession […]
New partnership helps reduce loan losses for ROA clients FOR IMMEDIATE RELEASE PASADENA, Calif., June 18, 2015 — Remarketing of America (ROA), the premier risk management and loss mitigation provider of recovery and remarketing services for the financial services community, has partnered with National Creditors Connection, Inc. (NCCI) to provide field contact services for lenders […]
Guest Editorial If you read CUCollector, which is an excellent forum for information and accuracy for the collateral recovery industry and the lending community you probably read the recent article regarding a lawsuit filed in federal court under the FDCPA by Wanda Vantu v. Echo Recovery, LLC, et al. This article has stimulated lots of […]
Buried in the announcement that the Consumer Financial Protection Bureau will now be regulating non-bank auto finance companies, was the announcement that they will also expand their authority into the repossession industry. Treating consumers fairly when collecting debts: The Bureau will assess whether auto finance companies are using illegal debt collection tactics. The Bureau […]