CUCollector – Collections News, Training and More!

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Bankruptcy 103 – Collecting from Non-Bankrupt Co-Borrowers

January 10, 2019 Cucolle1

Most collectors know they may not attempt to collect a debt from a borrower...

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Wells Fargo to Pay $385M for Wrongful CPI Placement

January 3, 2019 Cucolle1

Wells Fargo Bank has agreed to pay $575M to settle charges that it engaged...

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America’s First Straw Buyer Auto Fraud Case – 1941

January 3, 2019 Cucolle1

Any of us that have been in the auto lending and collections industry for...

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How Lenders Can Defeat Synthetic Identity Application Fraud

January 1, 2019 Cucolle1

4 Red Flags of Synthetic ID Fraud The explosion of synthetic identity fraud on...

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Fraud Alert – Lender Trap

January 1, 2019 Cucolle1

DO NOT USE This Company and share this information with all relevant staff. For...

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Dealership Employee Embezzled from BMW to Buy a Mustang

December 28, 2018 Cucolle1

The former controller of Continental BMW in Connecticut used the stolen funds for travel,...

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DRN Vehicle Recovery Hotlist Hits All-Time High of 410,000 License Plate Recognition Assignments

December 26, 2018 Cucolle1

On Pace to Exceed $2.5 Billion in Asset Value for Vehicles Recovered in 2018...

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Wishing you all a very Merry Christmas and Happy Holidays

December 24, 2018 Cucolle1

Wishing you all a very Merry Christmas, Happy Holidays and a New Year filled...

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ADESA Canada Announces New General Manager at Saskatoon Location

December 20, 2018 Cucolle1

FOR IMMEDIATE RELEASE Carmel, IN – December 20, 2018 – ADESA, a business unit...

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Credit Union Director of Lending Fired for Theft, Arrest Expected

December 18, 2018 Cucolle1

Tallahassee, FL – 18 December 2018 – An 11-year employee and Director of Lending...

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Impact Auto Auctions Creates Seamless Financing and Buying Experience with Integration of AFC Financing

December 13, 2018 Cucolle1

Real-Time Floorplanning Available to Impact Buyers   FOR IMMEDIATE RELEASE Westchester, IL – December...

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IAA Announces Opening of New Flint Branch

December 12, 2018 Cucolle1

Facility Upgrades and Relocates Third Strategic Location in Michigan for IAA FOR IMMEDIATE RELEASE...

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America’s First Credit Card Fraudster – Charles Gregory Cannon

December 10, 2018 Cucolle1

In 1959, American Express issued the first plastic credit card into the, then developing...

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ADESA Announces New General Manager at ADESA Buffalo

December 10, 2018 Cucolle1

FOR IMMEDIATE RELEASE CARMEL, Ind. – December 10, 2018 – ADESA, a business unit...

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Wells Fargo Claims Computer Glitch Caused Hundreds of Wrongful Foreclosures

December 7, 2018 Cucolle1

4 December 2018 – Wells Fargo says a computer glitch is partly to blame...

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Florida AG Sues Marlin Financial Over Loan Practices

December 6, 2018 Cucolle1

Ordered by BCFP to cease making new loans in September, the Florida Attorney General...

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SF Credit Union Sues SF City Hall for $28M in Losses

December 4, 2018 Cucolle1

  San Francisco, CA – 4 December 2018 – A credit union that helped...

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Former Credit Union CEO Pleads Guilty to Multimillion-Dollar Embezzlement

November 29, 2018 Cucolle1

Manhattan, NY – 19 November 2018 – Disgraced former CEO of New York’s biggest...