Update from the ARA and CoPart Meeting
Last week, the ARA Board of Directors (BOD) met with leadership from CoPart to address concerns regarding their involvement in the repossession sector. Our primary issue centered on CoPart securing impounded vehicles on behalf of national lenders — vehicles that constitute repossessions. While CoPart maintains that these units are merely tows or transports to auction, […]
Recovery Industry Standards Definitions
by American Recovery Association, Allied Finance Adjusters, Eagle Group XX Purpose It is the purpose of this industry endeavor to create accepted standards and practices to eliminate unfair and non-compliant practices by lenders, forwarding entities, repossession agencies and repossession agents; to insure that those lenders, forwarding entities, repossession agencies and repossession agents who refrain from […]
Repossession Classification, Consumer Protection, and Industry Integrity
Introduction The American Recovery Association (ARA) asserts that any vehicle secured prior to the full term of a vehicle installment loan constitutes a repossession. Efforts by lenders or third-party service providers to misclassify these recoveries as “tows” or similar designations are disingenuous and undermine transparency, consumer trust, and professionalism within the auto finance and recovery […]
ARA and MBSi Partner to Bring Freedom of Choice to the Recovery Industry
ARA’s Compliance System is now accepted through MBSi’s RecoveryConnect platform DALLAS, TX (January 13, 2025) – American Recovery Association (ARA), the world’s largest association of recovery and remarketing professionals, and MBSi, a premier provider of repossession assignment management software, today announce a new partnership providing MBSi users the ability to accept ARA’s Compliance System within […]
Orientation meeting designed for both new and existing members
Welcome to the American Recovery Association (ARA)! We’re excited to have you join us for an online orientation meeting designed for both new and existing members. LINK TO JOIN: https://us06web.zoom.us/j/82143788341?pwd=fe8oq4PWrM3CHsga1akD2mgXELVWgA.1 PASSWORD: 107814 Agenda: During this meeting, the membership and mentorship committees will introduce you to the ARA’s mission, our key member committees, and the valuable resources […]
