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Carmel, IN – May 4, 2012 - PAR North America has teamed up with vehicle transport provider CarsArrive to expand transportation services options for recovery agents while also offering them more revenue opportunities.
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Editorial
Why are we working like
this? We are forced to work for companies that basically have us up against a
wall, either accept our terms or don’t receive the assignments. I feel like we
are being bullied by these companies because we all know that if we turn down
the work, someone else will do it. It seems like it’s a no win situation and I
strongly believe that the banks need to be aware of who they are dealing with
when choosing what I deem to be a cut rate operation.
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New Webinar Thursday, May 3, 2012
COLLECTING IN A HIGH TECH WORLD
10:00
a.m. PDT, 11:00 MDT, 12:00 CDT, 1:00 EDT (Duration: Approximately 90 minutes)
It's a
new world out there.
Many
collection laws were written when people communicated by telephone or by U.S.
Postal mail. When the Fair Debt Collection Practices Act was enacted in 1978,
few people had answering machines and many were still using rotary dial
telephones. Cell phones were bigger than bricks when the Telephone Communications
Act became law in 1986.
Today,
collectors have a variety of ways to communicate with borrowers. Telephone.
Cell phone. Fax. Email. Text message. Social media. But
with new tools, come new questions. May you call a borrower's cell phone? May
you leave a voice mail? Does it matter if the voice mail is on the borrower's
home telephone or the borrower's cell phone? How about the borrower's work
phone? Does it matter if you are returning the borrower's call from that phone?
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In an industry that is particularly hazardous and known for
its share of fast moving riptides it is important to check your bearings and be
able to “check-in”. Taking the opportunity to be with literally hundreds
repossessors is the best way to stay focused and avoid being caught up in the
morass of a fast moving riptide.
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Editorial
“We have been talking with many TFA members and insurance providers who
are in receipt of the most recent Chase contact, and we must advise that, as an
organization, we cannot support the terms of this contract. "
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Editorial After having received $25B from the US taxpayer in 2008, JPMorgan Chase Bank is clearly not
satisfied with profits up 9%, or $19B in 2011 and have
found a new target to squeeze the dollar out of. The repossession industry.
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SAVE
THE DATES!
These might be the most
important events you attend in 2012!
Allied Finance Adjusters is pleased to announce it will be
presenting two programs for lending institutions in 2012, in association with
Eric M. North of NorthLegal Training and Publications. Mr. North is an attorney
and nationally-recognized speaker with more than 30 years experience handling
repossession-related issues for consumer lending institutions.
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Coeymans, NY – May 14, 2012 – By no fault of their own, an unknown NY Repossession company found themselves the unwitting hired car thief of a Ravena, NY used car dealer.
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Leander, TX – May 11,
2012 – The borrower may have won the battle, but he lost the war. That’s at
least some solace for an unnamed Repo Man who was forced from his recovery at
the wrong end of a shotgun.
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Washington,
DC – May 10, 2012 – Vendor due diligence and lender responsibility for the
actions of third parties used by their contractors was highlighted In an
announcement made last month by the Consumer Financial Protection Bureau
(CFPB). This statement confirms the course of action that may be utilized by
the CFPB to regulate the repossession industry as well as all lending service
providers.
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Rocky Mount , NC – May 7, 2012 - A federal judge has sentenced a used car salesman to seven years in prison for defrauding $1.2M in auto loans from Navy Federal Credit Union.
According to the charges, 39 year old Jady
Brooks, working in Rocky Mount, N.C., recruited straw buyers to obtain loans
from the $48 billion credit union for cars that did not exist.
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Charleston, SC – May 3, 2012 - Officials
with the U.S. Attorney's Office have sentenced six South Carolinians to prison
for their roles in an auto loan fraud scheme that caused a reported $800K in
losses.The
U.S. Attorney's Office reports that the defendants were convicted for their
roles in a scheme to fraudulently obtain auto loans by providing false
documentation to over 16 different banks and credit unions.
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Murrieta, CA – May 2, 2012 – A California Repo
Man was attacked in mid repossession by a pair of men Monday afternoon.
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Big Bear Lake, CA – May 3, 2012 – On February 13, Christina Darlene Johnson, allegedly stabbed a retired
Los Angeles County deputy sheriff hired by the dealership as a repossession
agent as he attempted to repossess a 2008 Subaru Impreza from Mitsubishi-Subaru
of San Bernardino that she purchased on checks that later bounced. Despite
multiple stab wounds and her attempted escape, the District Attorneys office
has dropped charges of attempted murder in favor of a no contest plea to lesser
charges of felony assault with a deadly weapon with great bodily injury likely
and vehicle theft.
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