SCM to Let Repo Agencies Keep the $10 Fee Increase on Cap One Redemptions

EDITORIAL

28 June 2018 – 5:33PM PST – Well, the rumor broadcasted on Repo Buzz’s Facebook page on June 25^th, turns out to be perhaps only one side of the story. In an email broadcast to Secured Collateral Management’s (SCM) agent network this afternoon, June 28, 2018, it is stated: “For any Capital One repossession you complete you may charge us an additional $10 dollars. (This is in addition to the $10 you are already allow to bill above you contracted recovery rate with us)”

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