CARS & DRN Deepen Relationship

FORT WORTH, Texas and RALEIGH, N.C. –  Two prominent industry names — Consolidated Asset Recovery Systems and Digital Recognition Network (DRN) — now are working even closer together. The two companies that will each have prominent appearances during Repo Con at Used Car Week 2018 announced on Wednesday that they have entered into an agreement to provide license…

The Well Traveled Repossession Attorney

Ask Miami asset recovery lawyer Edward H. Davis Jr. where in the world he hasn’t been, and he’ll have to pause for a moment to think. Israel — Davis hasn’t gone there yet. But by next week it’ll be the 81st country he’s visited, edging him one step closer to a spot in the Travelers’ Century Club. “You have to prove…

CU Pays For SCRA Violations

POUGHKEEPSIE, New York — The U.S. Department of Justice and the Hudson Valley Federal Credit Union announced a $95,000 settlement Friday, after an investigation into claims that the company violated federal law by repossessing service members’ vehicles while they were on active duty. Hudson Valley Federal Credit Union will pay $65,000 to compensate seven members…

The Rim Repo Repossessor’s Red Retinas

Spartanburg, S.C. (Fox Carolina) – Spartanburg City police responded to a call regarding a renting company on West Main Street, in reference to a disturbance. Police say the company reported a woman was late on her payments to the establishment which put the merchandise into repossession status. As she spoke with the employee there, she begin…

Consolidated (CARS) Lands 3 New Fish

RALEIGH, N.C. – Consolidated Asset Recovery Systems (CARS) recently brought three more finance companies into its client portfolio. Flagship Credit Acceptance announced today that it has selected the CARS’ IBEAM (Internet Based Electronic Asset Management) web portal for managing the repossession and remarketing of non-performing assets in its automotive loan portfolio. Crescent Bank and Trust has selected…

DRN Sets Live Hit Record

FORT WORTH, Texas, Oct. 26, 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 the company has reached a key milestone, facilitating the recovery of 20,122 live vehicle pick-ups, enabled by license plate recognition (LPR), in the…

Former LEO Gets 2 Months Over Data Violations

MONTGOMERY COUNTY, Ala. – A former Alabama Law Enforcement Agency officer was sentenced to two months in jail for using state resources to track down people who failed to make payments on cars he sold. Steven Wrea Ziaja, 40, pleaded guilty Oct. 22 to a dozen counts of computer tampering and one ethics charge of…

CFPB & FL AG Investigate Marlin Financial

A federal agency is looking into online auto lender Marlin Financial. In a letter to Rep. Charlie Crist dated Tuesday, the head of the Bureau of Consumer Financial Protection called the findings of a Tampa Bay Times’ investigation into the lender “troubling,” and indicated that the federal agency was following up. “The Bureau of Consumer Financial Protection is…

Bollinger B2 Electric Pickup Truck – The Future Of Recovery Trucks?

Bollinger B2, the followup to the B1 SUV, is an all-electric pickup truck powered by two electric motors and a 120 kWh battery pack that produce 520 hp and 514 lb-ft of torque. It’s capable of accelerating from 0-60 mph in 6.5 seconds and topping out at 100 mph, with a 200-miles range on a…