CFPB Faults Forwarders for Wrongful Repossessions

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.

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Time Finance Adjusters Annual Conference… A First in the Industry

TFA_MEDThe Annual Conference of Time Finance Adjusters members was recently held at the Atlanta Airport Gateway Marriott and was a highly successful “FIRST” in the Asset Recovery Industry.

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Avoid the Pitfalls of Working for Predatory Lenders

shrk_suitEDITORIAL

The members of Eagle Group XX have noted a phenomenon occurring in our industry and would like to address it in order to assist other asset recovery industry members in avoiding costly lawsuits, bad publicity and loss of clients.

In today’s litigious society it is not an uncommon occurrence for a professional asset recovery agency to end up named in a lawsuit instigated by a consumer when the allegations of wrongdoing relate strictly to the activities of the lender.

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