Dallas, TX – 18 April 2017 – Clifford McCrary, former CEO of the now bankrupt Windsor Equity Group, a debt collection and skip locating firm, has accepted a plea agreement with the Dallas County District Attorneys Office resulting from charges of misapplication of fiduciary property. As a condition of his 10 year probation, McCrary has been ordered to pay $215,989 in restitution to Loss Prevention Services, LLC.
Los Angeles – 24 March 2017 – On March 15–17, 2017, the 3rd Annual National Credit Union Collections Alliance (NCUCA) was held at the Bellagio in Las Vegas and was attended by over 230 attendees from 130 credit unions and 26 states. Of these attendees, 95% are in collections management. This upstart event has grown exponentially year over year and is now the premier collections event for the credit union collections industry.
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.
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.
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
The members of EAGLE GROUP XX held their sixth annual “Gathering of the Eagles” Conference at the DFW Hyatt Regency on October 1, 2016. There were numerous industry related issues from hi-tech data providers to the current state of the insurance issues in the recovery industry and subject matter experts like Mike Peplinski of Harding Brooks Insurance and John Hambrick of Microbilt contributed to the content as guest presenters.
Golden Nugget Hotel & Casino Las Vegas, NV – Sept 21st -23rd, 2016
All 95 attendees at the Allied Finance Adjusters Mid Year meeting hit the JACKPOT!
Along with the camaraderie and networking, which was amazing, there was top notch education.
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 law suits.