Recovery Compliance Solutions, a provider of repossession compliance monitoring, recently partnered with Windsor Equity Group to manage and verify its recovery agents’ information, insurance, licensing and contracts to ensure they remain compliant with state and local requirements. Additionally, Recovery Compliance Solutions is pledging to ensure the independent recovery and repossession agents abide by the service […] [Read More]

Ford’s board of directors declared a quarterly dividend Thursday, awarding 5 cents per share. The automaker noted the dividend is payable March 1 to shareholders of record of Class B and common stock on Jan. 31. “We have made tremendous progress in reducing debt and generating consistent positive earnings and cash flow,” stated executive chairman […] [Read More]

When we talk about human nature, we’re talking about conditions that are basic to all of us. So what we’re really talking about is a tremendous natural resource that can be studied and used to further our own purpose. Once you have a basic understanding of the debtor you are hunting, the task becomes not […] [Read More]

Thanks to its recovery management software, American Recovery Association leadership recently revealed national credit union service organization CU Collections chose ARA as its vendor of choice. Officials recapped that CU Collections, headquartered in Manassas, Va., helps credit unions create efficient and affordable collections programs to assist credit unions reduce or eliminate the costs of in-house […] [Read More]

With automakers in Canada upping incentives and enticing shoppers to come out and make that car purchase, auto borrower debt in the country jumped close to 7 percent year-over-year during the third quarter, while auto delinquencies still remained rather low, TransUnion’s Tom Higgins explained to Auto Remarketing on Thursday. More specifically, third-quarter auto borrower debt — […] [Read More]

Neither income growth nor rising revenue triggered investment analysts’ interest when Copart revealed its performance for the first quarter of its 2012 fiscal year. Seeing Copart’s cash on hand reading jump by more than $130 million is what turned Wall Street observers’ heads. So is Copart planning to buy more than just its own stock […] [Read More]

Phillips & Cohen Associates believes collecting on accounts associated with someone who is deceased can be complicated following significant regulatory changes made by the Federal Trade Commission earlier this year. So the firm’s experts are conducting a free Webinar titled, “Deceased Debt Collection: How the Recent FTC Ruling Impacts Your Collections Process.” The session is […] [Read More]

Amid its efforts to emphasize the positives of dealer-assisted financing to the Federal Trade Commission as regulators mull over taking further consumer finance protection measures, the National Automobile Dealers Association appears to have at least one ally in the legal world. [Read More]

With an active customer base now above 52,000 accounts and double-digit climbs in sales and revenue, America’s Car-Mart saw its second-quarter net income per diluted share soar 37.5 percent higher year-over-year. The company recently reported its second-quarter net income came in at $7.8 million or 77 cents per diluted share. A year earlier, it was […] [Read More]

Enterprise Holdings is broadening its existing operations in Europe, having recently struck a deal with PSA Peugeot Citroen to purchase its rental subsidiary, Citer SA and its Spanish subsidiary Atesa. This augments the presence Enterprise already has in Europe, as its Enterprise Rent-A-Car brand operates in the U.K., Germany and Ireland. Now, the rental giant […] [Read More]