ARA and Westlake Collaborate to Clarify Processes and Strengthen Industry Standards
Following recent discussions, both the American Recovery Association (ARA) and Westlake Financial recognize the need for clear and unified communication regarding repossession procedures and expectations. While recent conversations have provided […]
Westlake Financial Services Update
As a result of our recent outreach to Westlake Financial Services, we’re pleased to report that meaningful progress has been made in addressing concerns surrounding their recent policy changes. To begin, […]
Announcement from ARA Re: Westlake Financial Services
ARA has been made aware that Westlake Financial Services has recently adopted a policy denying agents’ requests to produce keys for repossessed and stored vehicles. In place of granting such […]
ARA Key Committee Leads Industrywide Discussions to Improve Key Process Collaboration
The American Recovery Association (ARA) Key Committee has recently taken significant steps toward strengthening collaboration across the repossession industry, engaging a wide range of stakeholders to address ongoing challenges in […]
The Evolving Landscape of Key Services in Repossession
At a recent industry conference, a veteran recovery agent chuckled as he reminisced, “I remember the good old days when we used a slide hammer to pull out the ignition. Back […]
The Impact of LPR Exclusivity on the Repossession Industry
February 24, 2025, by American Recovery Association (ARA) LPR Committee INTRODUCTION License Plate Recognition (LPR) technology has played a crucial role in modernizing the repossession industry by enabling real-time vehicle […]
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 […]
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 […]
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 […]
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 […]
