State of the Union Speech
On Tuesday February 24th, President Trump gave his State of the Union speech to a joint session of Congress. The speech largely focused on what the president believes to be the successes of his first year of his second term in office. The speech included a few items related to the auto industry and auto finance.
He promoted the provision in the One Big Beautiful Bill Act to help the domestic auto industry. “And we also made interest on auto loans tax deductible. The first time, but only if the car is made in America.”
Further, the president called upon Congress to pass legislation prohibiting commercial driver’s licenses to illegal aliens. President Trump discussed the story of one girl who was nearly killed in a car accident when she was struck by a semi-truck driven by an illegal immigrant.
Appeals Court Hears CFPB Case
The long effort of the Consumer Financial Protection Bureau’s fight to lay off 90% of its staff continues to be heard in federal court. This week, a federal appeals court heard the case, with CFPB attorneys arguing the layoffs are routine, and the union representing the fired workers claiming the layoffs violated federal law on the matter. The questioning from the judges did not indicate how the court may rule, but the case is due for decision this spring.
New York City to Allow Resident to Challenge Debt Claims
Though the action is not official yet, New York City intends to pass a local ordinance allowing residents to challenge any debt collection activities. According to Bloomberg Government, the city is taking the actin in response to Consumer Financial Protection Bureau’s nonenforcement on certain debt collection activities.
According to Bloomberg Government, “The rule, which was previewed exclusively with Bloomberg Law, will go beyond federal requirements by letting New Yorkers challenge their debt at any point in the collection cycle. It will also cap debt collector contacts at three per week and offer additional dispute rights for medical debt.” It is unclear at this time how this rule may or may not affect repossessions.
WHO IS REPO ALLIANCE?
How and when was the group formed?
The initiative started several weeks ago with an invitation from ARA to all National and State Associations and other major industry leaders.
Is the Repo Alliance another association?
NO! The Repo Alliance is a collaborative effort of the groups which decided to answer the call and develop a fundraising program to further the interests of OUR industry and provide a voice at both National and State levels.
Which organizations came together?
American Recovery Association (ARA), the California Association of Licensed Repossessors (CALR), Texas Accredited Repossession Professionals (Texas ARP), and Harding Brooks Insurance.
How do you contribute?
- A Square account has been established.
- Click here to donate through Square.
- Champion, Promote and Spread the word about this industry initiative!
Can I use any other method to contribute?
YES, you can mail a check, payable to Repo Alliance at 1400 Corporate Dr., Suite 175, Irving, TX, 75038.
Will funding reports and expenditures be available for review?
- YES, this initiative will be completely transparent on monies raised with information available on the website.
- One hundred percent of all monies raised will be used to pay for lobbying efforts. Everyone involved other than the lobbyist is a volunteer.
Why hire a dedicated lobbyist instead of just working with other lobbying groups?
We are working with other industry lobbyist groups but have realized without OUR OWN VOICE, we would be trusting the future of the Recovery Industry to the priorities of others. Riding the coattails of these other groups, puts our agenda as simply an afterthought.
What are the GOALS?
- Change the negative, reputational image of the Recovery Industry.
- Educate legislatures of the vital role we play.
- Fight against language in bills or guidance from agencies that would decimate the recovery industry.
Contact Us
833-737-6255
833-REPOALL
Related:
The Repo Alliance: Giving a Voice to a ‘Ghost’ Industry in Washington
Repo Alliance Progress & Updates from May DC Meeting
Repo Alliance – Let’s Not Lose our Minds
How Does the “One Big Beautiful Bill Act” Affect the Repo Industry?
Repo Alliance – This Week in Washington – March 2026 – Repo Alliance – This Week in Washington – March 2026 – Repo Alliance – This Week in Washington – March 2026
Repo Alliance – This Week in Washington – March 2026 – Harding Brooks Insurance – American Recovery Association – ARA – Repossess – Repossession – Repossession Agency – Repossessor – Repossession
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