Response to Pennsylvania forming CFPB

FOR IMMEDIATE RELEASE

There is big news out of Pennsylvania this morning affecting the financial Institution and third-party service provider world. Pennsylvania Attorney General Josh Shapiro announced the formation of a State of Pennsylvania Consumer Finance Protection Bureau.

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STOP Manufacturer Licensed Repossession Exemptions!

AB 290 Exemption from Collateral Recovery Act [Oppose]

Please help us stop AB 290 from passing! This bill will could affect recovery agents nationwide! All states look at California to adapt new laws. If AB 290 passes it would allow companies like John Deere to be exempt from using repossession agencies.

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Conference Review – RSIG AFA Conference San Diego 2017

It was a beautiful week in San Diego as hundreds of RSIG and AFA Member gathered for the RSIG AFA Conference in San Diego. With the combined associations all in one place, the ball rooms were packed and I knew very quickly that this was going to be a stellar event. Socializing with old friends and new are at least half of the value in these events and this was definitely loaded with some great times! I hadn’t been to an association event in a couple of years and I definitely found the right one to attend!

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PAR and Santander Named in “Forcible Removal” Lawsuit

Paintsville, KY – 31 May 2017 – Sandra Baldwin, a Johnson County resident, and her lawyer, David Runyon of Kirk Law Firm, have filed a 19-page lawsuit against AA REPO EAST, LLC, of Lexington, Eddie Pinson of Pikeville, allegedly an employee of AA REPO EAST, SANTANDER CONSUMER U.S.A. and PAR, IN. d/b/a PAR NORTH AMERICA for Compensatory and Punitive Damages for what the Complaint, filed in the Johnson Circuit Court, says was a “Wrongful, Physical Taking of Her Vehicle.” 

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Texas Skip Tracing Company CEO Pleads Guilty to Embezzlement

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.

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Supreme Court to Review Santander FDCPA Lawsuit

supreme_crtWashington, 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.

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