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.
Cobb County, GA – March 26, 2012 – Kids, don’t try this at home! When the irate borrower of truck being repossessed tried to run over the Repo Man, he did the logical thing. He hopped into the bed so he could be taken for a wild joyride at the hands of the frantic woman.
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.
Consolidated Asset Recovery Systems launched a new open-source, freeware version of its IBEAM Web portal to the agent and lender community.
The company highlighted this new version of IBEAM — available after April 15 — will be specific to repossession and invoice management, providing all the capabilities of asset tracking, real-time monitoring of updates, online condition reports and complete transparency throughout the recovery process.
The board of NFA regrets to inform that the Q&A with Mr. Rumbarger that was scheduled for Friday, March 23rd, 2012 has been canceled. The President of ARA notified NFA’s Executive Director on March 12th, 2012 that the Omni Hotel would not honor our meeting space due to a conflict of interest clause in the ARA/NARS contract.
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.
Memphis, TN – March 19,2012 – The tearful testimony of the sister of a man killed during a repo attempt last year and the expert testimony of repo industry veteran Ray Crocker have apparently been convincing enough that the proposed Tennessee Repo Regulations bill is expected to go to vote this week.
Rosedale, MS – March 12, 2012 – Two Rosedale police officers were relieved of duty after chasing down a Repo Man out of the city limits. The catch is, the repossessed vehicle belonged to one of the officers.