Developing World-Class Debt Collectors Collection Education Scholarships Available

FOR IMMEDIATE RELEASE

Wyoming, MN – February 20, 2018 – Keeping debt collectors up-to-date with fundamental resources and regulatory changes is one secret of a successful collection department.  With changes to the industry coming from every direction, it can be a challenge to keep staff informed.  Now in its eighth year, the CU Recovery Collection Academy educational conference represents a debt recovery strategy geared specifically toward reducing credit union delinquency.  CU Recovery shares its 25+ years of experience by presenting collection best practices, offering peer-to-peer networking opportunities, and speakers covering topics important to day-to-day operations.  The 2.5 day Academy curriculum is formulated from attendee feedback on topics that are essential to the health and success of credit union collection departments.

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CU-Solutions CU Repossession & Remarketing Summit 2018 Heading to Atlanta

Atlanta, GA

May 23rd and 24th, 2018

 

FOR IMMEDIATE RELEASE

Cu-Solutions will be holding it’s CU Repossession & Remarketing Summit 2018 on May 24th, 2018, from 9;00am-5:00pm in Atlanta, GA at the new Renaissance Atlanta Airport Gateway Hotel.

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Double Assignments = Deadly Assignments

EDITORIAL

For whatever reasons, the practice of double assigning repossessions keeps rearing its ugly head. The causes range from; a collector receiving a new address in another area or the collector or vendor management staff feel that the assigned agency isn’t working the account or just good old fashioned brain cramps causing the collector to forget to close the assignment. Any way you look at it, it’s a bad practice and a deadly one.

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Illinois, Where We are Headed

Guest Editorial Response from IRA President

As the President of the Illinois Recovery Association (IRA), I would like to take the opportunity to reply to the previous article, Illinois Where are We Headed, dated 1/24/18. First, let me say that the IRA is not a secret association. The IRA is a state-wide association founded in 2001 for the purpose of having a medium where owner-operators could work in partnership. There are various benefits of the association; for example, the IRA made it possible for companies to stay well-informed of upcoming changes in the industry and developed and maintained a relationship with the Illinois Commerce Commission (ICC).

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Auto Lending and the New MLA Rule

Impact of the New Military Lending Act Guidance
Wednesday, January 24, 2018

10:00 PST | 11:00 MST | 12:00 CST | 1:00 EST

 

The new Military Lending Act Interpretive Rule provides guidance to lenders who finance automobile (and other personal property) purchases, but its retroactive effect places many at serious risk because of transactions already on the books. 

 

Next Wednesday, participants will learn (among other things):

  • When the MLA now applies and doesn’t apply to the financing of motor vehicle and other personal property purchases
  • How the new rule affects lending moving forward
  • The problems the new rule creates for loans made or contracts purchased since October 2016
  • What steps you should take to identify and deal with transactions made void by the new rule

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2018 NorthLegal Conferences

FOR IMMEDIATE RELEASE

NorthLegal Training and Publications has announced the dates and locations for its 2018 bankruptcy and collections conferences.  Registration is now open, so if you plan on attending you can do so now using this year’s or in a few weeks using next year’s, whichever works best for your budget.

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Thank You from CU Repo and Remarketing Summit 2017. See you at NARS 2018 in April!!

FOR IMMEDIATE RELEASE

10 November 2017 – It was a beautiful day in Cinnaminson, New Jersey as dozens of credit union collections managers and collectors gathered at the Riverton Country Club for the first ever Credit Union Repossession and Remarketing Summit 2017.

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Cordray Resigns from the CFPB, Now What?

Treasury Secretary Steven Mnuchin

Washington, DC – 15 November 2017 – Richard Cordray, the Director of the Consumer Financial Protection Bureau (“CFPB”), announced Wednesday that he plans to step down from that post by the end of the month. Cordray’s term was otherwise set to expire in July of 2018.

So, what does this mean for the collections and repossession world?

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Analyzing and Objecting To Chapter 13 Plans under the New Bankruptcy Rules

This Thursday, October 19, 2017

10:00 a.m. PDT | 11:00 MDT | 12:00 CDT | 1:00 EDT (Duration 90-120 minutes)

Are you ready for the Chapter 13 bankruptcy plan and plan objection rules changes that will take effect on December 1?  These changes include a new official “Chapter 13 Plan” that will be used by most courts, new deadlines, and new rules that will affect the rights of creditors (particularly secured creditors) after plans are confirmed.  (These changes are separate from and in additon to the changes affecting proofs of claim, which were discussed in a NorthLegal webinar last month.)

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Credit Acceptance Issued Subpoena over Collections Practices, Again

Credit Acceptance has confirmed with the Securities and Exchange Commission (SEC) that it had received a subpoena from the Mississippi attorney general on August 14, 2017. Credit Acceptance claims that the subpoena is only related to the origination and collection of non-prime vehicle installment contracts in the state of Mississippi.

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