Daily Digest – September 21. Man Charged With Robbing Repo Agent; Default Rates Keep Climbing on Auto Loans

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MAN CHARGED WITH ARMED ROBBERY AFTER STEALING FROM REPO AGENT  A Louisiana man has been arrested and charged with armed robbery after trying to hold up a repossession agent who had just recovered the man’s vehicle. The man and two others blocked in the repossession agent on a highway and then brandished a weapon to threaten the agent. The...

Daily Digest – September 20. Bill to Revamp CFPB Unlikely To Pass; Wells Fargo CEO Got His Start in Repo

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BILL TO REVAMP CFPB UNLIKELY TO BECOME LAW: LAWYER A bill that would overhaul the Consumer Financial Protection Bureau by replacing the director with a bipartisan five-person commission and moving the agency’s budget under the federal government’s approval process is unlikely to become law under a Democratic administration...

Younger Men Working Less and Are Much Happier About It

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There is a changing shift in the amount of free time among men in America, according to new studies. Younger men have more free time than ever before, and elite men — the ones who are thought to be on their yachts relaxing — are the workaholics. Nearly 25% of men without a college degree between the ages of 21 and 30 are out of work...

Daily Digest – September 15. Agent Recovering After Being Shot; More Warning Signs For Auto Finance Market

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AGENT RECOVERING AFTER BEING SHOT DURING REPOSSESSION Repossession agent Cody McDaniel is recovering after being shot following a repossession two weeks ago. McDaniel was driving away from a repossession when someone fired a gunshot. His colon and large intestine were damaged. While the name of the shooter has not been released, police records...

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