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…

Florida City Repossesses/Returns Handicap Van

Former Opa-locka Commissioner Timothy Holmes has won his lawsuit for recovery of his van that was repossessed by the city last month. Holmes, who depends on a motorized wheelchair to get around, said his city-issued SUV was taken from his front yard as he slept on Dec. 7. The vehicle is suited up with thousands…

Mass. AG Fines Auto Lender $700K

Massachusetts Attorney General Maura Healey has ordered Sensible Auto Lending LLC to pay $733,925 to resolve allegations it knowingly facilitated the sale of defective vehicles by certain used-car dealerships. The Danbury, Conn.-based auto lender agreed to provide relief for consumers who were “cheated” by F&R Auto Sales Inc. and three other Massachusetts dealerships from August…

Texas Agents Take Gunfire

A 22-year-old man was charged after he pointed a loaded firearm at two men working for a repossession company, an Ector County Sheriff’s Office affidavit detailed. Raul Andrew Serrano was charged Tuesday with two counts of aggravated assault with a deadly weapon, each a second-degree felony. The assault happened at 12:22 a.m. Thursday at 1820…

Exeter Finance To File IPO

Irving-based Exeter Finance Corp, which specializes in subprime auto loans, says it plans to file to become a publicly traded company, according to multiplereports. According to an SEC filing, Exeter will list on the New York Stock Exchange under the ticker symbol “XTF.” It is backed by the private equity firm Blackstone Group. Exeter has 2.8 percent of…

Hyundai Gives 30 Days To Fed Employees

DETROIT, Jan. 14, 2019 – Hyundai has a long history of providing customers peace of mind through its Assurance program, and like it did in 2013, is launching a government shutdown payment relief program aimed at helping federal employees furloughed during the government shutdown. Under the plan, Hyundai will extend all Hyundai Capital auto loan and lease payments…

John Sibbitt to Manage RDN And Clearplan Client Relations At KAR

CARMEL, Ind. –  On Friday, KAR Auction Services announced an addition to the management team for one of its business units, Recovery Database Network (RDN). Joining the provider of specialized software and data solutions to customers across the repossession and disposition value chain as vice president of business development is John Sibbitt. The company highlighted Sibbitt brings…