Washington, DC – 12 September 2017 – In a report published September 12th by the Consumer Financial Protection Bureau (CFPB), titled the “Supervisory Highlights, Issue 16, Summer 2017”, the CFPB released their findings from examinations of “servicers” overseeing repossession agents and how repossessions are conducted. Through that work, they identified unfair practices relating to repossessions that had been causing wrongful repossessions of borrowers who had already brought their accounts to current statues.
2017 Education Training and Trade Event for Repossession & Finance Industry Professionals hosted by Recovery Specialist Insurance Group and Allied Finance Adjusters Now Offering Stand Alone Classes:
Full conference registrations include these sessions and much more, including meals and networking time with exhibitors and lenders. Full registrations include the opportunity to receive a continuing education certificate showing that you attended over 14 hours of training.
Education, Training, Networking and Trade Event of the Year, hosted by:
Allied Finance Adjusters Conference Inc. & Recovery Specialist Insurance Group
Early bird registration for the 2017 Education, Training, Networking and Trade Event for repossession and financial institution professionals, hosted by Recovery Specialist Insurance Group and Allied Finance Adjusters Conference Inc ends March 15, 2017. Save $30 per attendee by registering before the fees go up!
San Diego, California – June 21-23, 2017
The repossession industry education, training, trade and networking event of 2017 is set and registration is open. Recovery Specialist Insurance Group and Allied Finance Adjusters Conference Inc. will be coming together again in 2017 in San Diego, California to host this industry event.
The dates of this event are June 21-23, 2017.
The location, the beautiful Sheraton San Diego Hotel & Marina.
FOR IMMEDIATE RELEASE
December 14, 2016 – The Consumer Financial Protection Bureau has indicated it is interested in looking at how repossession agencies charge consumers for items like vehicle storage and personal property. That could lead to investigations, financial penalties, or worse.
There is a strange phenomenon occurring in the asset recovery industry consisting of deep client involvement in the repossession process related to the control and intrusion in the actual act of the repossession.
For some reason the clients seem to be more involved with controlling the actions of the agent in the field for example the “NO CONTACT” with consumers or third parties dictates. What world do these people live in? Apparently, they have never worked an actual field assignment or they would understand that their absurd directive is an impossible demand.
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.
‘If anyone tries to block or delay the CFPB payday rules, it’s time to fight back hard,’ says Senator Elizabeth Warren
Newly proposed rules aimed at reining in predatory payday lending are “a good first step,” economic justice groups said on Thursday, but “worrisome loopholes” must be closed in order to fully protect low-income Americans from financial devastation wrought by the high-interest, low-dollar loans.
- CFPB and your business
- Best Practices Panel
- Learn what clients really want
Are your recovery agent’s procedures putting you at risk? Your risk management and collateral recovery practices may be ready for a tune-up. Changing regulations from the CFPB means employing effective collection processes and procedures. Learn and discuss recovery procedures that will not only minimize your risk and exposure to the CFPB but also ensure you are working with acceptable providers. Get the latest critical information on laws, regulations and court filings that affect how you operate.
FOR IMMEDIATE RELEASE
RALEIGH, N.C. – Allied Finance Adjusters is set to hold a national compliance seminar to educate its members and guests about regulations mandated by federal government and lending institutions.