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 a lower court’s decision to dismiss a consumer class action lawsuit against Santander Consumer USA Holdings Inc. (SC.N) over allegations it violated the Fair Debt Collection Practices Act.
Wyoming, MN – November 16, 2016 – CU Recovery’s 2016 Collection Academy was another successful exchange of ideas on how credit unions can increase effectiveness in their collection departments. The sold-out crowd included participants from credit unions from around the country. Many sent several people to take advantage of the rich content found in 4 separate sessions and in open floor discussions with their peers. Wendy Elieff, Vice President of Sales & Service, facilitated the 2 ½ day conference. According to Elieff, the purpose of the conference was to “to share the wealth of knowledge that each credit union brings and with timely topics presented by experts in their respective fields.” “Valuable time was spent exchanging ideas with peers and meeting the experts who conducted the sessions.” Wendy continued.
November 16, 2016 – Recovery/Repossession businesses across the country recently received a letter from MBSi Corp.—telling these small business owners that they are REQUIRED to purchase and download MBSi’s newest evolution software and operating system, Recovery Connect. Failing to do this, the letter said, would discontinue the ability of the repossession company to do business with Santander Consumer USA, Inc. and Chrysler Capital. No, MBSi didn’t try to sell the use of Recovery Connect system… they DEMANDED that the system be purchased and used.
FOR IMMEDIATE RELEASE
DALLAS, Texas – November 14, 2016 – Registration has started for the 3rd annual National Credit Union Collections Alliance (NCUCA) for 2017. We are excited to see the lineup that we will have available and the topics that will be discussed. We will be kicking off our conference with Dan Berger NAFCU as a keynote speaker and finish the next day with Eric North discussing collection laws and bankruptcy.
The conference will be held at the Bellagio Resort in Las Vegas, Nevada, March 15 – 17, 2017. Last year we had attendees from all across the country, and this year we expect to have a larger participation. The conference focuses on national concerns and policy changes regarding the collection department for credit unions. It is a great time to network with credit unions across the country and to visit with some of the vendors that can assist credit unions.
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.
FOR IMMEDIATE RELEASE
WYOMING, MN – September 13, 2016 – Double digit growth over the last year has prompted CU Recovery and The Loan Service Center to add an additional layer of executive management. The newly created Chief Operating Officer position will help to ensure the companies continue on a path of healthy growth while maintaining their role as the #1 resource for credit union collection departments.
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.
FOR IMMEDIATE RELEASE
July 14, 2016 – The National Consumer Law Center (http://www.nclc.org) is publishing a document promoting changes to the Uniform Commercial Code which would greatly effect the repossession process, sales, and delinquency balances. The NCLC are strong lobbyists in Washington and this has the potential to put huge burdens on the repossession industry…and to a greater degree, auto lenders.