Remembering Back When – Repossessing in the 60’s

….A long, long time ago

Guest Editorial

In looking at our industry as it is today I began to compare it to what it was like some 50 years ago.  The changes are huge and so I thought maybe it might be interesting to reminisce by putting those changes in an article.  Some of the “old timers” (I mean really, really old timers) will relate to those times and those who were not there back then may enjoy reading about them.  This article is all factual and is based completely from my personal experiences when I came into the industry in the 1960’s.

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Appeals Court Rules CFPB Structure Unconstitutional

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Federal three-judge panel rules CFPB’s structure is unconstitutional but rejects idea of shutting down agency

A federal appeals court delivered a strong rebuke to the government’s new consumer-finance watchdog, declaring the agency’s unusual independence to be unconstitutional, and ordering its powers be curbed.

The Tuesday ruling was the latest legal setback to the Obama administration’s post-crisis financial-regulatory regime.

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Repossession Service Providers Operating in the New Era of Compliance

PrintPRESS RELEASE

On April 13th 2012 the asset recovery industry started to undergo the largest transformation in it’s history, from a predominantly unregulated industry to one that is now federally regulated. This change was introduced with the creation of the CFPB and their impact on the auto finance industry.

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