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.
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.
Police officers received multiple calls from 9-1-1 around 6:30 p.m. regarding four men fighting in the middle of the road on and that a gun had been fired.
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.
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.
Hillsboro, TX, March 4, 2012 – Hill County Sheriff’s Office made a felony arrest on the evening of Sunday, March 4 after receiving a 9-1-1 call at 10:47 p.m. advising that a repossession attempt on a vehicle had turned violent.