Tag Archive

Holly Balogh Named President of RISC

Published on June 27, 2017 By Cucolle1

Tampa, FL – June 27, 2017 – RISC is pleased to announce that Holly Balogh has been hired as the President and COO of RISC, the leading compliance and training company for the Recovery Industry.  Stamatis Ferarolis will remain as owner and CEO.   “RISC continues to be at the forefront of the recovery industry for […]

RISC to Acquire Recovery Compliance Solutions (RCS)

Published on May 31, 2017 By Cucolle1

TAMPA, Fla., May 26, 2017 – Recovery Industry Services Company (RISC), the industry-leading provider of Collateral Recovery Training, Certification, and Compliance Solutions, today announced that it has signed a definitive agreement to acquire Recovery Compliance Solutions (RCS) in order to enhance its Vendor Vetting services as part of RISC’s overall compliance-related offering.   Read More!

Loss Preventions Services, LLC Selects MBSi Corp. as Technology and Compliance Partner

Published on February 3, 2017 By Cucolle1

Press Release  Grandville, MI– February 2, 2017 – Loss Prevention Services, LLC, an industry leader in repossession and skip tracing services, announced today that it has chosen MBSi Corp. (MBSi) as its assignment and compliance management solution. Throughout this next year, LPS will transition their assignment management platform to Recovery Connect (RC), MBSi’s next generation […]

Are Creditors Liable for the Acts of Recovery Agents?

Published on February 24, 2016 By Cucolle1

Guest Editorial Even today many creditors will argue that they are not responsible for the acts of the collateral recovery specialists they hire to recover their defaulted collateral. Their argument, which the courts disagree with, is that the collateral recovery specialist is an “independent contractor” and therefore must assume the liability associated with the self-help […]

Driving To Live

Published on December 27, 2015 By Cucolle1

Collateral Recovery Agent Tow Truck Training….Why? Editorial Certainly, there are many potential risks associated with the physical act of self-help repossession activity and we read about some of the unfortunate, sometimes deadly results. Statistics clearly show that professional training and certification are the most effective methods for minimizing and controlling those risks.    Read More!

Who Are Those People Anyway?

Published on October 31, 2015 By Cucolle1

Guest Editorial Let me tell you a little about “those” people. They are talented professionals that must wear many faces and must be consummate professionals when servicing their clients. A few of the hats “those” people must wear in order to service their clients while managing the potential risks are: Private Detective, psychologist, locksmith, lawyer, […]

Social Media and its Impact on Insurance Coverages

Published on August 26, 2015 By Cucolle1

Guest Editorial Like a double edged sword, social media can be a great way to communicate or if used irresponsibility can make you bleed headaches. Remember, what you post on any social media site doesn’t go away….ever.   Read More!

July 4th

Published on July 3, 2015 By Cucolle1

Guest Editorial I believe I would be remiss, and less an American if I did not give pause on this sacred day of appreciation to those to whom I owe so very much of my rights and freedoms in this greatest of all countries, AMERICA!   Read More!

The Court Got It Right

Published on June 17, 2015 By Cucolle1

Guest Editorial If you read CUCollector, which is an excellent forum for information and accuracy for the collateral recovery industry and the lending community you probably read the recent article regarding a lawsuit filed in federal court under the FDCPA by Wanda Vantu v. Echo Recovery, LLC, et al. This article has stimulated lots of […]

Introducing The Certified Commercial Recovery Agent (CCRA) National Certification Program

Published on May 14, 2015 By Cucolle1

Press Release May 14, 2015 – Due to the numerous compliance mandates by the CFPB and commercial lenders that manage portfolios exceeding $900 Billion, it becomes clear that there is a critical need for a nationally recognized professional certification program for recovery agents who specialize in commercial asset recovery. Recovery Industry Services Company (RISC) is […]

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