Requiring Lender’s Locksmiths Lot Access – Another Encroachment and Contradiction

Editorial

So, you have a fence around your storage yard, perhaps some barbed wire on top and cameras recording everything going on. Why? Security of course. As an agency owner, it is crucial that you secure your business and the recovered collateral. So, why would you give a person you don’t know access to your yard and the vehicles stored on it?

Well, that’s the newest infringement on repossession agencies that is occurring now.

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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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NCUCA Las Vegas 2017 is a Hit!

PRESS RELEASE

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.

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Developing World-Class Debt Collectors Collection Education Scholarships Available

FOR IMMEDIATE RELEASE

Wyoming, MN – March 7, 2017 – 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 seventh 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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An Open Letter to Santander Consumer USA, Chrysler Capital and MBSi Corp.:

rc2FOR IMMEDIATE RELEASE

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.

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National Credit Union Collections Alliance (NCUCA) 2017 Conference

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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.

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Come Celebrate CALR’s 54th Annual Convention!

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Come Celebrate CALR’s 54th Annual Convention

October 27th- 29th 2016

Knott’s Berry Farm Hotel

Families and kids of all ages are welcome!

This is a special time of the month for Knott’s Halloween Scary Farm!

Limited supply of discounted Knott’s Scary Farm “Haunt” (night tickets) &  Theme park discounted (day) tickets are available at convention.

Seminar keynote speakers:  (*Includes certificate of attendance)

*Eric M. North – NorthLegal; Bankruptcy, NOI, Collections and Military lending act

*Ron Brown – Eagle Group XX; Compliance, Situational Awareness & Confrontational Avoidance

*Mike Reiter – HAR Inc.; Field Operations and Safety Training

Art Stein – Stein Financial; Investing & Retiring

Jerry Desmond – Desmond & Desmond; Legislation & Law updates from the state capitol (Sacramento)

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John Stumpf – From Repo Man to the Corner Office at Wells Fargo

stumpfOctober 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.

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Appeals Court Rules CFPB Structure Unconstitutional

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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.

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Changes to UCC Will Change Auto Lending Practices

auto_ap1Guest Editorial

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.

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