Wells Fargo Out $575 Million In Settlement

Wells Fargo on Friday reached a $575 million settlement with all 50 states and the District of Columbia to resolve allegations it had engaged in various abuses of its customers, including opening millions of sham accounts they did not want. The bank also improperly charged some customers mortgage fees and enrolled others into an auto…

WA Police Intervene During Valid Repossession

SPOKANE VALLEY, Wash. – Rocky Samson has been selling cars for almost 30 years and currently runs Checker Auto Sales in Spokane Valley. After a customer called police during an attempted repossession, he says he felt that police treated him wrongly. “I feel violated, I felt angry that they weren’t protecting me,” he said. He…

RO Bites, Pulls Weapon On Penn. Recovery Agent

A 50-year-old Lopatcong Township man bit and pulled a weapon on a tow truck driver repossessing the man’s vehicle, township policereport. Joe Lopez Jr., of the 100 block of Powderhorn Drive, was charged with possession of a weapon for an unlawful purpose, unlawful possession of a weapon, simple assault and criminal mischief and was housed in Warren County…

DRN Hotlist Tops 410,000

FORT WORTH, Texas, Dec. 21, 2018 /PRNewswire/ — Digital Recognition Network (DRN), an AI and data analytics company that provides vehicle location data and analytics to auto lenders, insurance carriers and other commercial verticals, today announced it has reached a critical milestone in its 10-year history as the company’s live hotlist has exceeded 410,000 License Plate Recognition (LPR)…

2017-2019 Super Duty Fords Recalled For Fire Hazard

Ford Motor is recalling nearly 900,000 of its F-150 and Super Duty trucks in North America to replace an engine block heater cable due to the risk of fire, the automaker said Friday. Truck owners use the heater cable to warm their engines so they’ll start more efficiently in cold weather. The cable is a…

BCFP’s Kraninger First Order – Change Name Back To CFPB

The new head of the Consumer Financial Protection Bureau ended an effort to change the name of the consumer watchdog agency, telling employees that the change would be too costly to finish. In an email provided to CNN on Wednesday by an agency spokesperson, newly confirmed director Kathy Kraninger told employees that they could continue…

Justin Zane To Head Clearplan And RDN Integration At KAR

CARMEL, Ind., Dec. 11, 2018 /PRNewswire/ — KAR Auction Services, Inc. (KAR), a global automotive remarketing and technology services provider, announced a consolidated management team for its software as a service businesses Recovery Database Network (RDN) and recently acquired Reno, Nevada-based Clearplan. The integrated management team increases synergies for these complementary business units. The consolidation will enable the…