Consumer Experience Surveys Required for Repo Redemptions?

EDITORIAL

October 31, 2017 – In what bizzaro universe would someone expect to receive positive feedback from a borrower redeeming their repossessed vehicle? Well, that’s the expectation being pressed upon repossession agencies working for national forwarder, Millennium Capital and Recovery Corp. on Toyota and Wells Fargo accounts.

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John Stumpf – From Repo Man to the Corner Office at Wells Fargo

stumpfOctober 13, 2016 – By now, we’re all familiar with the Wells Fargo Banking scandals, but what many may not know, is the humble beginnings of the now despised and displaced CEO John Stumpf had taken on his way to the top of one of the largest Banks in the world.

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Appeals Court Rules CFPB Structure Unconstitutional

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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.

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