Forecast has 2017 repo total approaching 1.8M

Story Link: Click Here  ATLANTA –  This year’s Manheim Used Car Market Report projects that repossessions will total 1.7 to 1.8 million units in 2017, representing an increase “in the neighborhood of 100,000 units,” according to Cox Automotive chief economist … Continue reading →

FTC Looks for Abuses in Auto Lenders’ Use of Kill Switches

Story Link: Click Here A U.S. regulator is looking at whether auto finance companies that use sophisticated technology like ignition kill switches are illegally harassing subprime borrowers that have fallen behind on their payments. The Federal Trade Commission, a consumer … Continue reading →

Ted Cruz introduces bill to abolish CFPB

Story Link: Click Here    Texas conservative Sen. Ted Cruz on Tuesday introduced legislation to “abolish” the Consumer Financial Protection Bureau, highlighting the threat to the agency from the Right. The senator called the CFPB, created by President Obama‘s 2010 … Continue reading →

Man arrested for firing shots at repo men

Story Link: Click Here    A man was arrested after police said he fired shots at two men trying to repossess a car. Police said the two men, who worked with a repossession company, were trying to repossess a Chevy … Continue reading →

Repossession man briefly drives off with toddler in car

Story Link: Click Here  DEWEY, AZ (AP) – Authorities say an Arizona tow-truck driver responsible for repossessing a car drove away with a toddler in the vehicle. Yavapai County Sheriff’s Office spokesman Dwight D’Evelyn tells The Daily Courier that a mother … Continue reading →

Golden Empire Towing Inc., AOC Adjusters Fresno LTD accused of illegally repossessing vehicle

Story Link: Click Here  SACRAMENTO – A Nevada resident claims a Bakersfield company and a Clovis company illegally repossessed her vehicle in Arvin. Elvia Aracela Melendez-Salazar filed a complaint on Feb. 3 in the U.S. District Court for the Eastern … Continue reading →

How House Republicans plan to defund Elizabeth Warren’s little agency of tyranny

Story Link: Click Here  Last days for the out-of-control CFPB? We told you on Monday about the special challenge Republicans face in what to do about the Consumer Finance Protection Bureau. It’s a totally out of control administrative agency gifted … Continue reading →

Antioch: Repo Man Struck in Head With Shotgun

Story Link: Click Here   On January 29 at 3:48 pm, a repossession truck driver attempted to recover a 2011, Infiniti, G37, parked in front of a home in the 400 block of W. Tregallas Rd. Once the vehicle was … Continue reading →

Tow Truck Market Gets Hit Hard as Carriers Exit Market

Story Link: Click Here Tow truck drivers operate in a dangerous world. Every day they face angry drivers while repossessing vehicles, dangerous driving and road conditions, near misses while operating heavy equipment, and close calls on U.S. freeways while hitching … Continue reading →

Trump takes on CFPB, a regulatory agency set up by Elizabeth Warren so no Republican could ever work for it

Story Link: Click Here  The tyranny of the administrative state.  The Consumer Financial Protection Bureau is one of those things that sounds purely like the government helping out the sainted little guy against threats from the powerful and the predatory. … Continue reading →