Tag: compliance

Stopping Fraud Before It Starts

Posted on by Holly Balogh

A couple of weeks ago, we mentioned a fraud case RISC uncovered that had gone undetected for years — the kind of thing that slips through when “vetting” means collecting paperwork instead of verifying it. Here’s what verification actually looks like when it’s done right.

Every vendor relationship starts with a decision, and that decision is only as good as the vetting behind it. Too many programs treat vendor vetting as a one-time exercise: collect a license, insurance certificate, and self-inspection — done.

RISC’s vendor vetting process goes further. Our team independently verifies credentials, including licensing and insurance, and manages independent lot inspections. We then re-verify ongoing to ensure you are protected.

Anyone can collect a certificate. RISC determines whether the certificate, license and underlying coverage are actually valid.

• Independent verification of licensing, insurance and required credentials
• Direct-source verification rather than vendor self-attestation
• Continuous monitoring rather than one-time onboarding
• Deficiency tracking and remediation 
• Independent lot inspection management
• Documented audit trail available to clients

Because effective vendor vetting isn’t about collecting documents. It’s about verifying the facts behind them. See How Our Vendor Vetting Process Works → Request an Overview

RISC has been the industry standard for independent third-party compliance oversight since 2009.

Flying A Joins RISC’s Trusted Network of Compliance-First Forwarders

Posted on by Holly Balogh

Independent vetting, inspections, and background reviews add a new layer of accountability across Flying A’s recovery agent network.

TAMPA, FL — October 2026 — Recovery Industry Services Company (RISC) today announced that Flying A, a national forwarding company in the vehicle repossession industry, has joined its network of forwarder partners. The agreement brings independent vendor vetting, site inspections, background checks, and education certification to Flying A’s existing compliance program.

THE AGREEMENT
Under the agreement, RISC will apply its independent oversight framework to Flying A’s agent network, giving the company a consistent, independent third-party standard for reviewing the repossession agent network it works with. The arrangement provides oversight for Flying A, adding visibility where lenders increasingly expect it.

“Flying A’s leadership identified that it needed reliable third-party independent verification from a trusted partner in the industry. With our growing network of compliance-focused clients, RISC was perfectly positioned to support Flying A’s extensive agent network.”
Holly Balogh, President, Recovery Industry Services Company

“We are excited to elevate our compliance practices with the best in the industry, RISC.  Our partnership demonstrates our commitment to our lender clients that compliance is a top priority for our company.”
Jim Snead, President, Flying A Information Resources

Lenders and National Forwarders with questions about RISC are invited to reach out directly for more information.

ABOUT RISC
Recovery Industry Services Company (RISC) provides independent compliance, vendor oversight, and industry education to lenders and forwarders in the recovery industry nationwide. Its framework supports audit-ready operations and reduced risk across recovery networks. Learn more at RISCUS.com.

ABOUT Flying “A” Information Resources
Flying “A” Information Resources is a Las Vegas-based, privately held company serving the automotive finance and asset-recovery industry nationwide. Since its incorporation in Nevada in 2017, the company has provided skip tracing, vehicle-location, account-management, and recovery-support services designed to help clients effectively manage delinquent and charged-off automotive finance accounts.

With more than 40 years of combined management experience in the loss recovery industry, the Flying “A” leadership team brings extensive knowledge and practical expertise to the recovery process. The company combines experienced management, advanced technology, comprehensive information resources, and a nationwide network of more than 400 licensed recovery agents to provide clients with responsive and effective recovery solutions.

Flying “A” is committed to delivering dependable service, actionable information, and efficient account resolution while maintaining strong relationships with its clients and recovery partners.

The Compliance Gap That Was Missed – Until RISC Was Hired

Posted on by Holly Balogh

A fraudulent policy passed every review but ours.

Earlier this year, one of RISC’s due diligence reviews caught something that had gone unnoticed for years: a vendor operating under a fraudulent insurance policy that had cleared every prior review—just not RISC’s. In a few weeks, we’ll walk through what we found and how. For now, it’s the clearest example we have of what “independent” third-party oversight means. Trust us, it’s more than just a word on a website.

Since 2009, RISC has set the standard for independent third-party compliance oversight in the repossession industry. We don’t represent a lender, forwarder or recovery agency. Our job is simple: independently determine whether the vendors in your network are actually meeting your requirements.

That distinction matters. In 2026, RISC uncovered fraudulent insurance documentation that had passed previous reviews.

It wasn’t uncovered because we collected another certificate. It was uncovered because we verified it.
 
For several clients and forwarders, this year compliance stopped being a box to check. Vetting vendors properly, verifying what’s actually happening on the lot, and keeping pace with licensing requirements and insurance challenges requires a partner who can independently confirm what’s real, not just accept what’s on paper.

RISC has been the industry standard for independent third-party compliance oversight since 2009.
See what independent oversight looks like. Contact RISC for more: [email protected]

RISC Is Excited to Announce our New Partnership With Resolution Management Group

Posted on by Holly Balogh

Resolution Management Group Partners with Recovery Industry Services Company to Strengthen Compliance Oversight

Tampa, FL — September 2026

Recovery Industry Services Company (RISC) today announced a new partnership with Resolution Management Group, a national forwarder in the recovery industry. Through the agreement, RISC will provide independent vendor vetting and site inspection services across Resolution Management Group’s agent network, supporting its commitment to a compliant, professional recovery operation.

About the Partnership
RISC provides a vendor oversight framework designed to support audit-ready operations across a forwarder’s agent network. The partnership gives Resolution Management Group added visibility and independent review across its network, complementing its existing compliance efforts.
Through this partnership, Resolution Management Group will benefit from:

  • Vendor vetting that helps confirm agents in the network meet compliance requirements.
  • Independent site inspections across its agent network, conducted with consistency and rigor.

“RISC is excited to work with the leadership at RMG. Kirt Ziesman and Jason Clark bring decades of experience from all pillars of the industry: lender, forwarding, and recovery. By choosing RISC, RMG shows what a modern, compliance-focused forwarder looks like. RISC supports RMG’s commitment to compliance, and we couldn’t be more proud to stand beside them.”— Holly Balogh, President, Recovery Industry Services Company

“The recovery industry was built on trust – trust between forwarders, agents, lenders, and the consumers we serve. At RMG, we know the strength of a forwarder is only as good as the network behind it. We’ve never been a ‘volume at all costs’ company and believe that doing this right matters more than doing it fast; that compliance, integrity, and professionalism aren’t obstacles to results, but the foundation of them. RISC has spent years building the infrastructure that protects that trust, and aligning with them is a natural extension of who we are. Their independent vetting and inspection process holds our network to a standard we’re proud to stand behind, and that independent accountability is exactly what our clients and our agents deserve. We don’t partner with just anyone. We partner with the best – and RISC is exactly that.”
— Jason Clark, Managing Partner, Resolution Management Group

Have questions about how RISC can support your compliance needs? Reach out today to start the conversation.

RISC is proud to be the leading compliance platform in the repossession industry.

About Recovery Industry Services Company (RISC)
RISC provides independent compliance and vendor oversight services to clients in the recovery industry nationwide. Its framework is built to support audit-ready operations and risk reduction across lenders’ recovery networks. Learn more at RISCUS.com.

About Resolution Management Group
Resolution Management Group (RMG) is a nationwide repossession management forwarding company serving the automotive finance industry from its headquarters in Murfreesboro, Tennessee. RMG was founded with a shared vision of breaking the forwarder mold and becoming a genuine voice for the foundation of the industry: the service providers in the field. With a vetted network of 500+ independent recovery agents spanning all 50 states, RMG bridges the gap between lenders and agents, operating at the highest professional standards while fostering a culture of respect, transparency, and shared success. The company remains focused on advancing the recovery industry through knowledge, accountability, and partnership – putting the “Customer” back in Customer Service.

Trynity Financial Services Selects RISC for Independent Compliance Oversight

Posted on by Holly Balogh

Partnership will bring centralized vendor vetting, document monitoring, and facility inspections to Trynity’s national Partner Agent Network

 

TAMPA, FL – RISC announced today that Trynity Financial Services has selected RISC to provide independent compliance oversight for its national Partner Agent Network. Under the agreement, RISC will perform vendor vetting and due diligence, verify and monitor required documentation, and conduct facility inspections across the network.

The agreement builds on a period of significant growth for RISC. In the past 90 days, RISC has added Credit Acceptance and Bridgecrest as clients, reflecting increased demand among lenders for independent, centralized oversight of recovery networks.

“We are pleased to welcome Trynity Financial Services to RISC,” said Holly Balogh, president of RISC. “Trynity’s decision to engage an independent compliance provider demonstrates a commitment to applying consistent standards across its Partner Agent Network. RISC will provide Trynity with a centralized process for monitoring required documentation, reviewing vendor qualifications, and verifying facility conditions.”

Forwarding companies manage complex networks of independent repossession agencies across multiple states. They are accountable to lender clients for the conduct and qualifications of every service provider in their network, often spanning hundreds of independent agencies across multiple states. RISC’s platform and inspection program are designed to centralize that work, reduce administrative burden, and provide greater visibility across the network.

“RISC provides the independent, consistent compliance support we need to meet our clients’ requirements,” said John Fountaine, president of Trynity Financial Services. “This partnership will strengthen our oversight, improve visibility across the network, and allow our team to remain focused on transparent, efficient recovery management.”

Onboarding of Trynity’s Agent Network will begin immediately.

About RISC: RISC provides compliance support and professional education to lenders, forwarding companies, and repossession agencies nationwide. Its services include vendor vetting, document monitoring, onsite facility inspections, and industry education. Headquartered in Tampa, Florida, RISC helps clients centralize vendor oversight, reduce administrative burden, and maintain greater visibility across their recovery networks. For more information, visit www.riscus.com or email [email protected].

About Trynity Financial Services: Trynity Financial Services is a technology-forward collateral recovery management company serving lenders and recovery agencies through its national Agent Network. Owned and operated under Transaction Solutions, LLC, Trynity coordinates the collateral recovery process from assignment through completion and serves high-volume accounts throughout the contiguous United States. For more information, visit https://trynityfs.com/

RISC to Power Credit Acceptance’s Compliance Oversight

Posted on by Holly Balogh

Tampa, FL — July 2026
Recovery Industry Services Company (RISC) today announced that Credit Acceptance Corporation has selected RISC to provide independent, inspection-related service provider vetting and due diligence across its repossession service provider network. The engagement establishes a consistent, independent due diligence process that supports Credit Acceptance’s ongoing commitment to a vetted, compliant, and professional network of recovery partners.

About the Partnership
Under the agreement, RISC will provide independent, inspection-related vetting and due diligence services across Credit Acceptance’s repossession network. By centralizing these functions with a single, dedicated provider, Credit Acceptance gains a uniform standard of review and greater visibility across its agent and forwarding networks, reinforcing a due diligence process built on professionalism, compliance, and strong business relationships.

Through this engagement, Credit Acceptance will benefit from:

  • Service provider vetting that helps confirm providers meet compliance and due diligence requirements
  • Independent lot inspections
  • Document review and ownership background checks
  • Greater visibility across agent and forwarding networks, supporting audit-ready operations and risk management across tiers

“We’re proud to support Credit Acceptance with the kind of independent, detail-oriented oversight that helps lenders maintain strong, audit-ready compliance programs. Applying a single, consistent standard across a repossession network is exactly the kind of work RISC was built to do, and we look forward to a long partnership with Credit Acceptance.”
— Holly Balogh, President, Recovery Industry Services Company

“Transitioning our service provider vetting and due diligence to RISC gives us a consistent, independent process across our entire network. It strengthens our compliance program while supporting the professional service providers we rely on every day, and we’re glad to be working with RISC as we continue to invest in that network.”
—Matthew Siewicki, Senior Manager, Repossession Network and Services Support, Credit Acceptance Corporation

Bridgecrest Partners with RISC to Strengthen Compliance Oversight

Posted on by Holly Balogh
RISC is excited to announce our new partnership with Bridgecrest! 
Tampa, FL — June 2026

Recovery Industry Services Company (RISC) today announced a new partnership with Bridgecrest, one of the most respected names in automotive lending. Through the agreement, RISC will provide independent vendor oversight and compliance services that support Bridgecrest as it continues to scale its operations and invest in the strength of its compliance program.

About the Partnership
RISC provides a vendor oversight framework designed to support audit-ready operations across a lender’s recovery network. The partnership gives Bridgecrest added visibility and independent review across its agent and forwarding networks, complementing its existing compliance efforts.
Through this partnership, Bridgecrest will benefit from:
* Vendor vetting that helps confirm agents in the network meet compliance requirements
* Independent site inspections across its direct agent network, conducted with consistency and rigor
* Greater visibility into its forwarding network, supporting accountability and risk management across tiers

“We’re glad to welcome Bridgecrest as a partner. Our goal is to deliver the kind of independent, detail-oriented oversight that helps lenders maintain strong, audit-ready compliance programs, and we look forward to supporting Bridgecrest’s continued growth.”
— Holly Balogh, President, Recovery Industry Services Company

“We’re excited to partner with RISC as we continue investing in the strength and scale of our compliance program. Their platform adds valuable visibility across our network, and we look forward to building on that as our operations grow.”
— John Messiha, Head of Loss Mitigation and Lending Operations, Bridgecrest

RISC is proud to be the leading compliance platform in the repossession industry.

RISC Expands Its Education Platform – State-Specific Continuing Education Now Included Free

Posted on by Holly Balogh

RISC is making it easier than ever to stay ahead of compliance expectations. State-Specific Continuing Education is now included at no additional cost with every Federal Law CE course purchased — giving your agency more value and better preparation in a single step.

Why it matters

Lenders and National Forwarders expect agents to be armed with state-specific compliance knowledge — even if those requirements aren’t yet formalized. By demonstrating your commitment to compliance at the state level today, you will be better positioned to retain and grow client relationships tomorrow.

RISC’s expanded curriculum gives you exactly that — practical, scenario-based training built around the statutes and enforcement standards that apply to your location.

Each state-specific module delivers:

  • Targeted interpretation of state laws and regulations
  • Real-world scenario training for recovery situations
  • Stronger client credibility through demonstrable compliance competence

Getting started is simple

  1. Visit www.riscus.com and go to Education
  2. Under CARS for Agents or CARS for Continuing Education, select your state-specific supplement
  3. Add it to your cart — it’s automatically added to your dashboard

RISC Pro members save 45% on all CARS and Continuing Education courses.

RISC launches the CARS – Texas and Rhode Island state-specific Certification Courses for repossession agents.

Posted on by

NEWS RELEASE

TAMPA, FL 5/28/2020 – RISC, a compliance services company, is excited to launch two additional state -specific collateral recovery training courses as part of their growing CARS National Certification Program. Continually providing up-to-date training on state/federal regulations is a RISC goal.  This is achieved through our alliance with Hudson Cook LLP. Texas is a large market for collateral recovery and has very specific state guidelines. “It’s important that recovery agencies in Texas and Rhode Island have the detailed knowledge of what can affect their day-to-day operations and keep them safe,” said RISC President Holly Balogh.

Recently, a survey conducted by CUCollector.com shows that 60% of repossession agencies hold CARS Certifications in the industry. Taken by over 200 recovery agent respondents across the U.S., the survey demonstrates RISC’s foothold as the #1 provider of compliance training and services by a significant margin. Also, recovery agents noted that VTS (Vendor Transparency Solutions) Compliance Training, coming in at a distant second to CARS, was used by 19% in the industry. In early 2020, VTS compliance service training programs combined with the CARS program on MBSi’s VendorConnect platform, effectively giving RISC’s CARS program 79% of the industry market share.

The CARS certification is accepted by all domestic lending institutions and is completed by over 4,000 people annually. The courses are available on RISC’s Education Platform for purchase at  https://www.riscus.com/Education/EcomCars.  RISC Pro members are able to take any education program available for their small monthly membership fee including these new state specific courses.

About RISC

RISC is an organization dedicated to providing compliance oversight and training services to the collateral recovery industry and beyond. RISC advocates on behalf of all practitioners within the industry. For more information, visit www.RISCus.com or call (813) 712-7535.

RISC extends its waiver of RISC Pro membership/education subscription fees through July 1, 2020.

Posted on by RISC

RISC extends its waiver of RISC Pro membership/education subscription fees through July 1, 2020.

After nearly two months of COVID-19 related ordinances and regulations, the repossession industry has not opened up in all areas.  This continues to financially pressure recovery agency owners and their staff.  RISC is here to help support agents during this crisis by waiving membership and education fees for current and any new RISC Pro members.  RISC is the only compliance company that has waived membership and education fees for its members.

RISC’s waiver of fees allows members to update their CARS certifications and train any new employees to prepare for assignments to come. The RISC Pro platform is also an excellent tool for agencies to organize their compliance documentation and market their compliance status to clients. Our belief is that we’re all in this together and RISC will continue to assist agents in these challenging times.

What is RISC Pro?

RISC Pro is a membership for Agents that provides the ability to:

  • Manage and store compliance documentation on the MBSi VendorConnect platform.
  • Showcase your compliance profile and company listing in front of 40+ Lenders and Forwarders that are on the RISC Pro/MBSi VendorConnect platform.
  • Quickly share a compliance profile directly with Lenders
  • Have unlimited employee access to the CARS National Certification, Continuing Education, and Drivers Safety Certification for a small monthly “pay as you go” subscription rather than the full upfront certification cost.
  • And more…

Membership billing is currently on hold and will not begin until we are confident agents are back to work.  We currently forecast this will not go beyond July. There is NO cancellation fee should you choose not to keep RISC Pro membership.  However, if you cancel, any CARS certification completed between now and then will require you to pay in full to retain a valid CARS certificate. Maintaining your certification allows you to pay as you go for each employee. More details can be found in the RISC Pro Service Agreement at Registration.

Learn More and Register for RISC Pro

Also, on behalf of Alex Price and RISC, all proceeds from sales of RISC’s Skip Tracer Certification will be donated to RABF through the end of June. Register today here.

About RISC

RISC is an organization dedicated to providing compliance oversight and training services to the collateral recovery industry and beyond. RISC advocates on behalf of all practitioners within the industry. For more information, visit www.RISCus.com or call (813) 712-7535.

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