American Recovery Association Joins RISC to Create Beneficial New Program
DALLAS, May 18, 2012 – American Recovery Association, Inc. (ARA), the world’s largest association of recovery and remarketing professionals, today announced its partnership with RISC (Recovery Industry Services Company) to offer a continuing education program for ARA’s members and members’ staff. The continuing...
Continue »
DETROIT, May 14, 2012 /PRNewswire/ -- The real story in this year's rankings of automakers by their suppliers in the 12th annual study of OEM working relations is not their overall rankings, but rather the dramatic and continuing slide of Toyota and Honda, and the continuing improvement of Chrysler Group, General Motors and Ford since 2005.
While still in first and second place...
Continue »
FTC Approves Final Orders Settling Charges that Auto Dealers Falsely Promised to Pay Off Consumers' Trade-ins, No Matter What They Owed
Following a public comment period, the Federal Trade Commission has approved final orders settling charges that five automobile dealers made deceptive claims that they would pay off the remaining balance on consumers' trade-ins, no matter what they owed. ...
Continue »
WASHINGTON – The American Bankers Association testified today that the cumulative impact of years of added regulations has reached the tipping point, dramatically increasing compliance costs and threatening the future of community banks.
William B. Grant, chairman and chief executive officer of First United Bank of Trust in Oakland, Md., testified on behalf of ABA before the House...
Continue »
"Surround yourself with the best people you can find, delegate authority and don't interfere as long as the policy you've decided upon is being carried out". Ronald Reagan - 40th US President
There is so much change going on in the repossession industry that many repossession companies actually miss a great deal of what is happening, because they are so wrapped up in the day-to-day...
Continue »
Above-average consumer membership growth fuels attaining of milestone
WASHINGTON, May 4, 2012 /PRNewswire-USNewswire/ -- America's 7,300 credit unions have topped $1 trillion in total assets, a milestone achieved in part through the past year's above-average growth in consumer membership.
At the end of March, U.S. credit unions had $1.02 trillion in total assets, according to the...
Continue »
Industry Average Fuel Economy Up Nearly 14 Percent or 2.7 MPG From April 2008
SANTA MONICA, Calif., May 4, 2012 /PRNewswire/ -- TrueCar.com, the authority on new car pricing, trends and forecasting, today provided actual fuel economy numbers from April light vehicle auto sales that indicate TrueMPG™ increased to 23.3 mpg in April 2012 compared to 22.2 mpg in April 2011, and decreased...
Continue »
McLEAN, Va. (May 1, 2012) – While automakers reported mixed results for U.S. new-car and light-truck sales in April, Paul Taylor, chief economist of the National Automobile Dealers Association (NADA), highlighted several factors that are expected to boost sales over the next several months.
“Modest economic growth and declining gasoline prices, low interest rates, more leasing options...
Continue »
Article by Paul Walsh - Star Tribune
Repossession company worker's actions may have affected thousands.
4/27/2012 An employee of a repossession company gained illegal access to the motor vehicle records of thousands of Minnesotans, state officials said Friday.
The state said about 3,700 Minnesotans may have been affected. The data included what is found on vehicle registrations:...
Continue »
4/27/2012 4.43PM Article by Christina Stueve - Madison County Record
American Recovery Services, a debt collector, filed an amended answer and affirmative defenses to a lawsuit against it on April 20.
A Madison County man claims that American Recovery Services violated the law when it repossessed his vehicle after he made a late payment.
Plaintiff Luther Calvert sued...
Continue »
2012 Outlook Strong on Demand; Inventory Could Pose Problems Down the Road
IRVINE, Calif., April 27, 2012 /PRNewswire/ -- Kelley Blue Book www.kbb.com, the leading provider of new car and used car information, projects new-vehicle sales to reach 1,148,000 units, or 14.0 million seasonally adjusted sales rate (SAAR), in April 2012. This will account for a less than 1 percent...
Continue »
VALENCIA, Calif.--(BUSINESS WIRE <http://www.businesswire.com/> )--You’re on assignment in your tow truck. A bank has assigned you to repossess a vehicle for non-payment. You drive through heavy traffic and arrive at the address you were given…only to discover it’s an empty lot. You’ve just wasted 20 minutes of expensive diesel fuel.
This is a common occurrence for family-owned...
Continue »
J.D. Power and LMC Automotive Report:
New-Vehicle Retail Selling Rate Pulls Back in April, but Recovery Remains Ahead of Expected Pace
WESTLAKE VILLAGE, Calif.: 19 April 2012 -- New-vehicle retail sales in April are expected to continue the year-over-year growth trend from the first quarter, as the market heads into the Spring selling season, according to a monthly sales forecast ...
Continue »
Added to
Columns & Features
by Michael J Dougherty, Managing Partner - Weltman, Weinberg and Reis
For those that attended the 2012 NARS event in Texas last month, you would have heard Michael J Dougherty, Managing Partner of Weltman, Weinberg and Reis in Philadelphia as one of the speakers of the event that in my opinion, covered a vital subject of the Consumer Financial Protection Bureau - CFPB and how this will impact the repossession industry. This impact means change - Michael...
Continue »
NAME: Greenwood Recovery, Inc.
ADDRESS: 1370 West North Avenue, Baltimore, MD 21217
CONTACT NAME: Burt (Buz) Greenwood, Jr. – President
TELEPHONE: 410-383-8000
FAX: 410-523-8336
E-MAIL: bgreenwood@greenwoodgrp.com
WEBSITE: www.greenwoodgrp.com
GEOGRAPHIC COVERAGE: Maryland, Delaware, Washington DC, Northern Virginia, Southern Pennsylvania
INDUSTRY ASSOCIATIONS: ...
Continue »
NADA: New-vehicle dealers support fuel economy increases if affordable for consumers
WASHINGTON (April 12, 2012) – The National Automobile Dealers Association (NADA) released a study today indicating that higher vehicle prices resulting from proposed fuel economy rules will cut millions of potential new-car buyers out of the market in 2025.
“To work, fuel economy improvements must...
Continue »
4/11/2012 CARMEL, Ind. — PAR North America, a nationwide provider of vehicle transition services and a subsidiary of KAR Auction Services, today announced a partnership with CarsArrive to offer recovery agents a wider network of transportation services and additional revenue-earning potential. CarsArrive is an industry leading provider of automated vehicle transport services in North America....
Continue »
NAME: Greenwood Recovery, Inc.
ADDRESS: 1370 West North Avenue, Baltimore, MD 21217
CONTACT NAME: Burt (Buz) Greenwood, Jr. – President
TELEPHONE: 410-383-8000
FAX: 410-523-8336
E-MAIL: bgreenwood@greenwoodgrp.com
WEBSITE: www.greenwoodgrp.com
GEOGRAPHIC COVERAGE: Maryland, Delaware, Washington DC, Northern Virginia, Southern Pennsylvania
INDUSTRY ASSOCIATIONS: ...
Continue »
McLEAN, Va. (April 10, 2012) – Trade-in values on used cars are expected to peak over the next few weeks, said Jonathan Banks, executive automotive analyst with the National Automobile Dealers Association (NADA) Used Car Guide.
“While prices for all used-vehicle segments will remain stable over the next two months, compact and mid-size cars will appreciate in value and outpace other...
Continue »
A new NACS study reveals that customers are paying up to 10 cents a gallon in hidden bank fees every time they fill up.
4/10/2012 WASHINGTON – A new NACS study found that drivers are paying 6 to 10 cents a gallon in hidden bank fees every time they gas up.
To make matters worse, the banks' swipe fee goes up inexorably with the price of gas, even though your bank is doing nothing...
Continue »
Fourth Annual NARS Brought Together Recovery, Remarketing and the Lending Industry for Insightful Discussions
Dallas, TX – April 10, 2012, American Recovery Association, Inc. (ARA), the world’s largest association of recovery and remarketing professionals, is proud to announce the success of its fourth annual industry event, the North American Repossessors Summit (NARS).
Nearly 500...
Continue »
Mayo Advertiser - Ireland, April 06, 2012.
A repossession agent was found to have trespassed on private property and assaulted a man, whose van he was trying to repossess on behalf of ACC Asset Finance, at Castlebar District Court on Wednesday.
The facts of the case were heard last year. It outlined that Aidan Faulkner, Crow’s Nest, Castlecohill, Clogherhead, Co Louth, telephoned...
Continue »
Who's Responsible for the Repossessor's Acts? By Tom Hudson, Partner - Hudson Cook, LLP
April, 2012. When an auto creditor or leasing company engages a repossessor who allegedly botches a repossession, leading to a lawsuit by a consumer, can the consumer successfully argue that the creditor or lessor is liable for the repossessor’s supposed bad acts? The answer to that question can...
Continue »
Finally, at the 2012 NARS (North America Repossessors Summit), in Texas last week, on Friday afternoon you would have heard the beginnings of the discord being aired between the members of the panel ‘Acting on the Challenges of Our Industry – From Talk to Action’ – members being Les McCook representing ARA, Patrick Altes (TFA), Jennifer Daniels (NFA), Ed Marcum (RSIG) and George Badeen...
Continue »
SUCCESSFULLY ‘RAISING THE BAR’ – THAT’S WHAT NARS ACHIEVED AGAIN THIS YEAR!
“Action is the foundational key to all success”. Pablo Picasso, Artist (1881-1973)
If you weren’t there you should have been – the 2012 NARS event was a 1.5 day event that was full of actions and interaction from the audience and indeed, the panels and speakers. Sponsors of the event included...
Continue »
This is the right blog for anyone who wants to find out about this topic. You realize so much its... Continue »
They ripped us off as well. They extorted $10k drove the car for a year and ruined it. They need to be stopped and put in... Continue »
This is the right website for anybody who wishes to find out about this topic. You realize so much its almost hard to argue with you (not that I... Continue »
Hello Friends......... Great information.Thanks for sharing this useful information with all of us.Keep sharing more in the... Continue »
In today’s CNN Live that delivered the district attorney message that “Zimmerman profiles Martin” I was wondering about word “profile” definition. Dictionary was... Continue »