CU Direct Connect announced Wednesday that it has signed an agreement with AutoNation that names CU Direct Connect as a preferred lender for all of the dealer group’s stores in Colorado. The agreement is effective as of today. Officials said that CU Direct Connect, through its 34 member credit unions, is collectively the largest auto […] [Read More]

A new TransUnion study found that people who monitor their own credit files open significantly more new auto loans and credit cards, and perform generally as well on those loans as consumers who do not monitor their own credit. The company's study determined that consumers who monitor their credit in any given credit score range […] [Read More]

Consolidated Asset Recovery Systems recently hired a new vice president of sales. Joining the provider of repossession and remarketing services is Jeff Swisher. CARS is looking for Swisher to help the company further scale the sales organization and continue to build brand recognition. “We are excited to bring Jeff and the wealth of knowledge and […] [Read More]

A new Arizona-based vendor screening company on Monday launched what it's calling the first online compliance management system for the auto lending industry. Vendor Transparency Solutions explained that it developed an industry-specific, comprehensive, supplier screening solution designed to assist the lending community to reach the highest level of compliance. The tool is also geared to […] [Read More]

The auto industry’s financing spigot is steadily reopening after being choked off when the recession hit more than three years ago. As proof of strengthening funding support, CNW Research indicated that back in September there was a 13.7-percent increase year-over-year in the number of buyers who received a pre-approved loan before purchasing a used vehicle. [Read More]

Last week's ceremony during the NABD East Coast Conference to enshrine the newest member of the alliance's Hall of Fame turned back the clock on the buy-here, pay-here industry to a time of handshake contracts and Southern hospitality. The National Alliance of Buy-Here, Pay-Here Dealers posthumously welcomed Martin Ingram to its Hall of Fame. Ingram […] [Read More]

Just before the closing session of the Re3 Conference, industry leaders will gather to offer a wrap-up of where the repossession industry has been in 2012 and where it’s headed in 2013. This dynamic session will provide attendees with perspective and forecasts from some of the industry’s leading executives. The session is titled “Remarkable Remarketing […] [Read More]

Ford Motor Co. announced Monday that Mike Bannister, executive vice president and chairman and chief executive officer of the OEM's financial arm, Ford Motor Credit Co., has elected to retire effective Jan. 1. After 39 years of service, Bannister will be succeeded by Bernard Silverstone, who will be named group vice president and chairman and […] [Read More]

After holding sessions this summer, the American Recovery Association and RISC are joining forces again to conduct free continuing education to benefit recovery and remarketing professionals this week. The one-hour Webinars conducted by ARA and RISC are broken into three 20-minute sessions. The topics on tap include: —Recovery Laws & Regulations: Defensive Driving —Compliance and […] [Read More]

After launching itself as a recovery management and skip-tracing services provider back in March, Primeritus Financial Services acquired another industry player on Thursday — Renovo Services. Primeritus executive vice president of sales and marketing Joe Mappes said the company expects to provide further information about the new combined product portfolio and roadmap during the next […] [Read More]