Bank Collections

A Quick Change of Positions – The Bridgecrest Financial/ARA Compliance Program Mandate

March 16, 2018 Editor 4

A Quick Change of Positions – The Bridgecrest Financial/ARA Compliance Program Mandate Editorial Recently,...

American Recovery Association Selected For Exclusive Partnership with Bridgecrest

March 15, 2018 Editor

  ARA announces partnership with Bridgecrest on training, vendor vetting   Irving, Texas, March...

Advantage GPS by Procon Analytics Launches an Automotive Analytics RealTime Risk Assessment Dashboard Integrating Artificial Intelligence

March 6, 2018 Editor

Auto lenders can now view real-time analytics for key indicators used to monitor the...

PAR Admits to Dual Repo Assignments

March 5, 2018 Editor

EDITORIAL In a repossesor network communication from PAR North America sent last week, PAR...

Clarification on the Westlake-LPS Check Post

March 2, 2018 Editor

EDITORIAL Yesterday I published a quick editorial on a pair of photos of a...

Santander Collecting Storage, But Repo Agencies Can’t?

February 22, 2018 Editor

  To quote someone who may desire to remain anonymous, “Let This Sink in…”...

This Subprime Auto Lender Repos 35 Percent of the Cars It Finances

February 22, 2018 Editor

  Subprime auto lending has faced intense regulatory scrutiny over the past year, and...

The True Cost of Free Storage

February 14, 2018 Editor

  GUEST EDITORIAL Repossession company owners hear this phrase every time they court a...

Double Assignments = Deadly Assignments

February 7, 2018 Editor

  EDITORIAL For whatever reasons, the practice of double assigning repossessions keeps rearing its...

Millennium Capital and Recovery Gets an Award for Repo Agencies Income Losses

February 1, 2018 Editor

EDITORIAL EDITORIAL I’d just had a conversation with a Grad student writing a paper...

When Does and Independent Contractor Become an Employee?

January 18, 2018 Editor 2

Guest Editorial There is a strange phenomenon occurring in the asset recovery industry consisting...

The Stupid Math behind Contingent Repossession Assignments

January 11, 2018 Editor

“People don’t always respond to incentives in the ways you might predict. What distinguishes...

Lenders Creating Headaches on RDN

January 3, 2018 Editor

GUEST EDITORIAL According to some repossession agencies, recently, some lenders are making direct address...

Repossession Crisis on the Horizon?

December 22, 2017 Editor

  GUEST EDITORIAL Most of us remember the repo boom in 2008-2010 when the...

Florida Creditor Seminar: Repossession Best Practices

December 8, 2017 Editor

Florida Auto Lending Creditors: Best Repossession Client/Vendor Relationship Practices Working With Your Repossessor For...

Repo Companies Being Cut Off From Credit and Banking

December 6, 2017 Editor

EDITORIAL If you didn’t think the big Lenders thought very highly of the men...

Mayor’s Car Repo’d During City Council Meeting

December 5, 2017 Editor

Riviera Beach, FL – 4 December 2017 – It wasn’t on the agenda but...

CFPB Preparing to Sue Santander

November 29, 2017 Editor

  Washington, DC – 24 November 2017 – A leading U.S. consumer watchdog is...

NY Fed: Auto Loan Delinquencies Rising in the “Sub-Prime” Market

November 27, 2017 Editor

New York, NY – 21 November 2017 – The growth in household debt can...

BMW gets it Right on Fees

November 22, 2017 Editor

EDITORIAL 22 November 2017 – In a world of lenders and forwarders so scared...

Forwarder Threatens Agencies with Punishment over Reporting Breaches

November 3, 2017 Editor 1

  EDITORIAL In a memo distributed on October 20th, Consolidated Asset Recovery Systems has...

Consumer Experience Surveys Required for Repo Redemptions?

November 1, 2017 Editor

  EDITORIAL October 31, 2017 – In what bizzaro universe would someone expect to...

Allied Finance Adjusters’ Response to Santander’s Tilt of the Playing Field for Certification and Continuing Education

October 16, 2017 Editor 2

Guest Editorial October 10, 2017 – The year was 2006: the first internet account...

Dumpster Diving – Personal Property Fees

October 9, 2017 Editor

  Editorial Cockroaches scurry for cover under the seats as you open the door...

Recovery Industry Fuels All-Time Growth for RISC’s Compliance Certification Program

October 4, 2017 Editor

  Nationwide focus on compliance standards leads recovery industry professionals to RISC’s standardized compliance...