Cordray To Leave CFPB

Richard Cordray, a target of the banking industry and Republicans in Congress, announced Wednesday that he plans to step down as head of the Consumer Financial Protection Bureau by the end of the month. Cordray’s resignation will give President Trump an opportunity to reshape an agency that oversees a significant portion of the financial industry. It comes less…

CARS Awards A Rewarding Reward

PALM SPRINGS, Calif. –  Some individuals find riding motorcycles exhilarating, especially as they gain more experience with the machines. But just like with vehicles, sometimes these individuals do not keep up with their financial responsibilities mandated in a contract, triggering a repossession. As an executive who has spearheaded growth of powersports leasing as well as streamlining…

Debtor Wanted To Slash Judge’s Throat Over Repo

ST. LOUIS • A woman angry at a judge’s order to repossess her car threatened to stab him and showed up at the courthouse Thursday with a long box cutter, police say. Valerie D. Mitchell, 57, of Country Club Hills, has been charged with tampering with a judicial officer, a felony, and resisting arrest. Woman Charged…

Debtor Takes Agent For A Ride

Local law enforcement authorities were called after an attempt to repossess a car got out of hand Sunday afternoon. The incident began with three employees of a repossession company attempted to repossess a car for a Mount Haley Township couple. During the attempt, a 42-year-old woman jumped in the car. Before she drove away from…

Another Hand In The Repo Jar

Municipal Credit Union is a $2.7B, 425,000-member credit union with a $350- million auto loan portfolio.  The credit union primarily serves city, state and federal government employees living or working in and around New York City, as well as healthcare and education employees in the NYC metro area. A few years ago, its roughly 100 repossessions per month required the attention…