Guest Editorial
Compliance is an interesting phenomenon in the industry today! I call it a “phenomenon” because that word means “Wonder”, “Marvel”, or “Spectacle”, and that’s exactly how I see compliance.
Compliance is this sort of unknown quantity, and everyone involved with it interprets it in a different way. One lender’s compliance is another lender’s non-compliance. Some vendors treat it with great respect, and others treat it like a scene from an old TV police drama, with a “Move along folks! Nothing to see here!” attitude. The number of interpretations of compliance is as numerous as the companies claiming to have all of the compliance answers.
Read More!
More Stories
Repossession vs. Remarketing: A Breakdown in Accountability
The Tale of the Orchard of Apples and Oranges
When the Repo Man Says No
The Cost of Recovery Has Changed – The Model Must Follow
Unsustainable Now: The Fuel Cost Surge Threatening the Survival of Repo Agents
The Tale of the LPR Network