Repo Buzz Names New Director

With all of the mergers, acquisitions and promotions taking place within the collateral recovery industry, Repo Buzz is pleased to announce some new appointments within our structure.   Arthur “AJ” McLaughlin AJ has been appointed to Director of Sleep Deprivation Research and Development Team. AJ brings his years of sleeplessness to the table and will…

KAR Gives PAR New SVP

CARMEL, Ind. – KAR Auction Services selected one of its executives who has been with the company for a decade for a role with its business unit — PAR North America — a provider of vehicle transition services with coast-to-coast solutions for recovery management, skip-tracing, remarketing and title services. The company announced on Thursday that Stacey White…

A Legal Lesson In Straw Purchases

A recent California Court of Appeals ruling should provide all that is necessary for dealerships to remain vigilant in their ongoing efforts to remain in compliance with rules, laws, regulations and legal mandates. In the case involving Champion Chrysler-Jeep-Dodge in Downey, Calif., the appeals court upheld the lower court’s decision of a $45,000 judgement. In…

Titlemax And NM Agent Face Repossession Assault Civil Case

An Española family is suing a repossession agent with a violent criminal history, along with the company that hired him, alleging he and his companions attacked several members of the family a year ago while illegally seizing their van after they defaulted on a high-interest title loan. Two of the family members had to be…

Large Email Breach 01-18-2019 Check Your Email Here

There’s no shortage of data breaches these days, but this one should make you sit up and pay attention. The newly discovered “Collection #1″ is the largest public data breach by volume, with 772,904,991 unique emails and 21,222,975 unique passwords exposed. The breach was first reported by Troy Hunt, the security researcher who runs the site Have I Been…

TX Man Threatens To Kill GF Over Repossession

A 31-year-old man was taken into custody after police said he threatened to kill his girlfriend if she did not pay his car payment to get his vehicle back after it was repossessed. Leon Smith was arrested Tuesday on charges of aggravated assault with a deadly weapon and being a felon in possession of a firearm,…

Is Consolidated (CARS) Demand Violating HIPPA?

Recently, a client sent me a list of requirements which they were sent during the on-boarding process with Consolidated Asset Recovery Systems (CARS). Their agency was required to comply with the demands in order to receive accounts from CARS. Upon reading, one of these demands immediately raised the red flag. As it read: “Please find…

FDCPA Requirement To Cease Collection Pending Debt Validation Can Include Repossessions

In a matter of first impression, the U.S. Court of Appeals for the Sixth Circuit has ruled that the Fair Debt Collection Practices Act (FDCPA) requirement for a debt collector to “cease collection of the debt” after receipt of a consumer’s dispute of the debt includes stopping third-party activities “set into motion” by the collector. Although…