Car Repossession May Be Next Big Consumer Protection Issue

American Banker  |  Thursday, June 3, 2010

By Sara Lepro
                         
Unlike other areas of consumer finance, auto lending has largely escaped tighter regulation in the wake of the financial crisis. This could soon change.

Hanging Out With the Repo Man

By Andrew B. Wilson from the July 2009 - August 2009 issue

Business for the nation’s top recovery agents (better known as “repo men”) is booming. It has gotten to the point that some of them are feeling downright uncomfortable about their own success.

Suits up 295 percent against bill collection agencies

Suits against collection agencies for violations have almost quadrupled in the past year, according to court documents for the U.S. District Court for north Alabama.

Life can be tough in the repo business. This is a funny look at what can go wrong....if it can go wrong, it will! Great little video created by FalconWest, one of the country's best repossession agencies, in Colorado.

After questioning a record 28 finance companies on their portfolios and practices, the National Auto Finance Association discovered that almost 75 percent of non-prime originations fell into the credit range of 500 to 679 last year.