The ARA Marches on Capitol Hill

A Successful Day on Capitol Hill for the Recovery Industry

This week, history was made within our industry. Representing the repossession industry, American Recovery Association (ARA), along with our lobbyist Van Scoyoc Associates, went to Capitol Hill to meet with Members of Congress, staffers, and the Consumer Financial Protection Bureau (CFPB) to discuss the many issues the recovery industry is facing, how to prevent unintended consequences to consumers, and ways to boost the auto-finance industry.

This is the first time representatives of the recovery industry have met with Congress in person to bring attention to these issues that concern the agent network. Next steps with Congress and the CFPB are in motion, and we will ensure things keep moving forward. We intend to be back on Capitol Hill again this year.

In attendance were ARA President Vaughn Clemmons and Immediate Past President Dave Kennedy, ARA Vice President and CALR President Marcelle Egley, Texas ARP President Stephanie Findley, Harding Brooks Insurance Vice President Mike Peplinski, and Recovery Agency Owner and ARA member Richard Grosvenor.

The discussions centered around lender indemnification, the consolidation of power in the auto finance industry, and the roles brokers and forwarders play in the industry – specifically how agents aren’t paid unless they repossess a vehicle and how this is to the detriment of our industry.

Violence and the increasing loss of life for those who work in the recovery industry must be stopped. ARA is taking a strong stand on the Hill for you and the industry. We will continue to work ceaselessly for our members and the industry.