Industry Update on Rising Fuel Costs
Dear ARA Members, The recent global events involving Iran have resulted in noticeable increases in fuel prices across the United States. As an industry that relies heavily on transportation and […]
Winter Storm Serves as Wake-Up Call for Repossession Industry Preparedness
Dear ARA Members, The recent winter storm should serve as a wake-up call. For days — in some cases, more than a week — meteorologists warned that this system would […]
American Recovery Association Urges Industry-Wide Action Against Municipal “Pay-to-Play” Repossession Ordinances
The American Recovery Association (ARA) is sounding the alarm: what started as a local issue in Illinois is now spreading to Michigan and Indiana and has escalated into a serious […]
PAR North America Sets New Industry Standard with Two-Day Agent Pay
The field of repossession is inherently stressful and carries significant risk. There are no guarantees—agents operate in unpredictable environments, often in the middle of the night, facing safety concerns and […]
Impound Repossessions and the Risk of a Two-tier Compliance System
Earlier this month, ARA became aware that a major auto finance company had entered into an agreement with a national auction and transport provider to conduct impound repossessions on its […]
Recovery Agent Protection Committee (RAPC)
The Recovery Agent Protection Committee (RAPC) was established to protect recovery agents while they are in the field by examining all phases of the industry in an effort to reduce […]
ARA Releases Revised Hold Harmless Agreement for Members
Recently, the ARA reviewed several Hold Harmless agreements being circulated and used within our industry and found them to be insufficient. While the ARA does not generally endorse the use […]
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 […]
