Las Colinas, TX – March 27, 2012 – If you weren’t at this years North American Repossessors Summit (NARS) held at the Omni Mandalay in Dallas, you missed without a doubt, the most important meeting regarding the future of the repossessions industry that’s been held to date. With over 500 Repossession company owners, employees and vendors, this was probably the largest meeting in the industries history. This massive attendance can be largely attributed to the tumultuous times the industry has been going through and this years NARS delivered with some lively and timely debate and conversations from industry leaders addressing many of the important issues facing the industry today.
Sacramento, CA – March 22, 2012 – If California State Senator Joe Simitian (D- Palo Alto) has his way, ALPR data will only be allowed to be retained for 60 days by law enforcement and will not be made available to anyone except law enforcement in the state of California. The bill is set for hearing on March 27, 2012. The impact of this could cost repossession companies statewide hundreds of thousands of dollars in worthless camera gear if passed.
Dallas, TX – Mach 22, 2012 – I had just checked in at the Omni Mandalay in Las Colinas for the North American Repossessors Summit (NARS) when I received an email. The Huffington Post had just published an article about the state of the repossession industry titled “Repos Gone Bad: Are Big Lenders To Blame for Driveway Violence?” Having been one of many interviewed by Dave Jamieson, I confess some apprehension in what was to be published. Upon reading it several times, I felt that for the most, he got it right.
These might be the most important events you attend in 2012!
Allied Finance Adjusters is pleased to announce it will be presenting two programs for lending institutions in 2012, in association with Eric M. North of NorthLegal Training and Publications. Mr. North is an attorney and nationally-recognized speaker with more than 30 years experience handling repossession-related issues for consumer lending institutions.
Madison County, IL – March 8, 2012 – Claiming Santander contractors of American Recovery Services of El Dorado Hills, CA pounded on his door and publicized his financial difficulties, Plaintiff Luther Calvert filed suit against Santander in August of 2011 and has since included this California based company.
To the outside world, collections looks pretty simple, call people and guilt and threaten them into paying money they owe. The reality is, collections is perhaps the most complicated and litigious area of any lending institution. Think of all of the interconnecting regulations pertaining to bankruptcy, credit reporting, the FDCPA, the UCC, California’s Reese Levering Act and the archaic FTC rules on telemarketing and they’ll see just how simple it really is.
Amazingly, most of us dance through this legal minefield daily with no trouble at all. Regardless, it is always wise to put on our “thinking caps” from time to time and keep the thought processes of both ourselves and our staff sharp.
White Lake Township, MI – February 27, 2012 – Sure gas prices are on the rise, but a $5M class action lawsuit over half a tank of gas? Sounds nuts, but that’s what 43 year old Victoria Church-Dellinger’s attorney Brian Parker, filed against Ally Financial in a Federal court.