Category - Daily Digest

Daily Digest – February 12. The Subprime Lender That Repossesses 35% of the Cars it Finances

THE SUBPRIME LENDER THAT REPOSSESSES 35% OF THE CARS IT FINANCES Credit Acceptance repossesses 35% of the cars it finances, according to a published report. While that number might be in line with other subprime auto lenders, that 35% figure did make it to the mainstream media last week. That figure has also remained fairly consistent for the...

Daily Digest – February 2. Man Charged After Shooting at Repo Agent; Website Publishes Excerpts of Emails Detailing Cordray’s ‘Plot’ To Have English Named His Successor

MAN CHARGED AFTER SHOOTING AT REPO AGENT A Mississippi man has been charged with aggravated assault after allegedly shooting a handgun in the direction of a repossession agent. The agent had knocked on the door of the vehicle owner’s house in search of a key. The man’s wife answered the door and claims the agent kept trying to open...

Daily Digest – February 1. Case Against CFPB Structure Takes Surprising Turn; Santander, Credit Acceptance Putting Aside More Money For Expected Loan Losses

CASE AGAINST CFPB STRUCTURE TAKES SURPRISING TURN  The big news of the day yesterday was a surprise ruling from the full Court of Appeals for the District of Columbia which ruled that the leadership structure of the Consumer Financial Protection Bureau is constitutional. The court, in its ruling, essentially reversed its own position, when a...

Daily Digest – January 30. Woman Arrested For Driving Stolen Repossessed Vehicle; Repo Agents Aid in Finding Carjacked Vehicle

WOMAN ARRESTED FOR DRIVING STOLEN REPOSSESSED VEHICLE  A Louisiana woman has been arrested after she was caught driving in a car that had been repossessed and subsequently stolen in California.   REPO AGENTS AID IN FINDING CARJACKED VEHICLE Two repossession agents in Houston, Texas, helped find a stolen vehicle which was being driven by a...

Daily Digest – Janaury 29. Trio of Incidents Involving Repossession Agents Lead to Arrests, Multiple Charges

MAN ARRESTED FOR STABBING REPOSSESSION AGENT A Kentucky man has been arrested and is facing felony charges after allegedly stabbing a repossession agent and almost having a finger severed. The agent was knocking on the door of a house when a man emerged with a knife and tried to stab the agent in the chest. The agent put up his hand in self...

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