The Credit Union Repossession and Remarketing Summit 2017

November 8 – November 10, 2017

Riverton Country Club

Cinnaminson, New Jersey

The Credit Union Repossession and Remarketing Summit 2017 will be THE premier credit union educational event of the year. Industry leaders will be speaking on the topics that are of extremely high importance to the Credit Union collections industry.

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Credit Acceptance Issued Subpoena over Collections Practices, Again

Credit Acceptance has confirmed with the Securities and Exchange Commission (SEC) that it had received a subpoena from the Mississippi attorney general on August 14, 2017. Credit Acceptance claims that the subpoena is only related to the origination and collection of non-prime vehicle installment contracts in the state of Mississippi.

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Dumpster Diving – Personal Property Fees

Editorial

Cockroaches scurry for cover under the seats as you open the door of the car that was just repossessed earlier that morning. The sun has been up for a few hours and the car’s interior has fermented it’s contents that greet you with a sour rotting smell. Rubber gloves on and trash bag in hand, you begin the inventory of a half-eaten “Egg MCMuffin”, dirty diapers, assorted papers, shirts and a lot of items belonging to the borrower that makes you wonder why is all of this in their vehicle? This is, no doubt, sometimes the most unpleasant part of the repossession process.

So, why do you do it? You have to! It’s the law. As a legal compromise, the law also allows you to charge for the removal, inventory and storage of this property. So, why would you not charge for this?

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Recovery Industry Fuels All-Time Growth for RISC’s Compliance Certification Program

Nationwide focus on compliance standards leads recovery industry professionals to RISC’s standardized compliance training

FOR IMMEDIATE RELEASE

TAMPA, FL 10/04/2017 – Recovery Industry Services Company (RISC) announces unprecedented growth and adoption of its industry leading Certified Asset Recovery Specialist (CARS) and CARS-FC certification program. For more than 10 years, RISC has lead the way in recovery agent training with its CARS program which has certified more than 10,000 individuals since it was launched in 2002. With an ever increasing focus on compliance, lenders, forwarders and repossession professionals have sought standardized training programs and reporting to internal and 3rd party auditors, such as the CFPB.

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Santander Extends CARS Certification Deadline

29 September 2017 – Through a memo circulated last week, it appears as though Santander has extended their deadline for CARS certification to November 1, 2017 from its prior deadline of October 1st. The memo states that a formal notice of this is pending from Santander themselves. Included in the memo is a request to identify agencies who have refused to comply the certification mandate for the purposes of identifying gaps in coverage.

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RISC Promo Offer to TexasARP Members

FOR IMMEDIATE RELEASE

9/27/17 – For the next 60 days (9/26/2017 to 11/25/2017) As a TexasARP member you will receive…  

One year of RISC Associate membership valued at $595.00.   RISC Associate membership provides a 15% discount along with access to the entire suite of RISC compliance, training, and business docs at no additional charge. If you are Texas based and purchased RISC CAN or an Associate membership within the last 60 days (7/26/2017 to 9/25/2017) and if you join TexasARP you will receive a credit for one CARS program valued at $300.00. 

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Important Bankruptcy Rule Changes – Live Webinar!

FOR IMMEDIATE RELEASE

Don’t forget that we will be presenting a webinar this coming Thursday, September 28, to address the new bankruptcy “proof of claim” rules that will take effect later this year.  During the program we will also talk about other aspects of the claim process, including some of the most frequently made errors.  For more detail about the webinar, click here.

On December 1, 2017, important changes to the rules relating to bankruptcy “proofs of claim” will take effect. Those changes include new filing deadlines, new obligations for secured creditors and new methods a debtor may use to oppose a claim.

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2017 Credit Union Repossession and Remarketing Summit

November 8 – November 10, 2017

Riverton Country Club

Cinnaminson, New Jersey

FOR IMMEDIATE RELEASE

The Credit Union Repossession and Remarketing Summit 2017 will be the premier credit union educational event of the year. Industry leaders will be speaking on the topics that are of extremely high importance to the Credit Union collections industry. Situated just minutes from city center Philadelphia at the historic and scenic Riverton Country Club, this seminar will be tailored to address credit unions specifically, and the day-to-day challenges they face with collections, collateral repossessions, and the remarketing of collateral. You are guaranteed to walk away with insight and knowledge you previously did not previously have, or your admission will be refunded.

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Allied Finance Adjusters Mid Year Meeting Holiday Inn Orlando Disney Springs Area

OCTOBER 18TH – 20TH 2017

The 2017 Allied Finance Adjusters Midyear Meeting will be in beautiful Orlando Florida, registration is open but space is limited so book your reservation soon. Come for the world class training Allied Finance Adjusters is renowned for and stay for a trip to Disney World.

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CFPB Faults Forwarders for Wrongful Repossessions

Washington, DC – 12 September 2017 – In a report published September 12th by the Consumer Financial Protection Bureau (CFPB), titled the “Supervisory Highlights, Issue 16, Summer 2017”, the CFPB released their findings from examinations of “servicers” overseeing repossession agents and how repossessions are conducted. Through that work, they identified unfair practices relating to repossessions that had been causing wrongful repossessions of borrowers who had already brought their accounts to current statues.

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