Bank Collections

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...

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...

Santander Extends CARS Certification Deadline

September 30, 2017 Editor

  29 September 2017 – Through a memo circulated last week, it appears as...

I’M DONE! – Final Words from an Agency Owner

September 24, 2017 Editor

EDITORIAL As the repossession industry continues to experience downward price pressure and continuous unreasonable...

CFPB Faults Forwarders for Wrongful Repossessions

September 18, 2017 Editor

Washington, DC – 12 September 2017 – In a report published September 12th by the...

Why Santander Chose CARS – Editorial Response from Mark Lacek

September 14, 2017 Editor 1

EDITORIAL REBUTTAL I read the recent editorial about Santander/Chrysler and I felt the need...

American Recovery Association Announces Partnership with Recovery Database Network

September 14, 2017 Editor

FOR IMMEDIATE RELEASE IRVING, Texas, September 15, 2017 – The American Recovery Association (ARA),...

Repo Agencies in Hurricane Path Report Lenders Not Allowing Vehicles to be Transported – Important Information for Lenders & Forwarders!

September 7, 2017 Editor 1

  EDITORIAL It has been brought to the attention of several repossession association Presidents,...

Hurricane Harvey Update

September 5, 2017 Editor

In our earlier report, we reported that “Repossession agencies in the area have reportedly...

Is It OK to Repo if there’s a Mandatory Evacuation?

September 5, 2017 Editor 1

From the desk of: Recovery Specialist Insurance Group Ahead of Hurricane Irma, currently a...

Hurricane Harvey – Repossessors Bringing Help

September 4, 2017 Editor 3

The flood waters are started to recede and many are returning to their homes...

Santander Demands CARS Certification – The Contingent Fee Contradiction

August 30, 2017 Editor 1

Editorial We’ve been getting a lot of laughs lately, as well as some copies...

Rate a Lender, Rate a Forwarder

August 28, 2017 Editor

A common inquiry on social media in the repossession industry is, lender and Forwarder...

Requiring Lender’s Locksmiths Lot Access – Another Encroachment and Contradiction

August 22, 2017 Editor 2

Editorial So, you have a fence around your storage yard, perhaps some barbed wire...

Enough is Enough

August 14, 2017 Editor 4

  EDITORIAL What is going on in the repossession industry?  For years we have...

Contingent Work = Casual Work?

August 14, 2017 Editor

Editorial The other day, I was sent an email from a leader at one...