ACA International arrived at a recommendation to modernize the collection trade association’s governance structure and now wants members to review this proposal. Officials recapped that a year ago then-ACA president Martin Sher convened an ACA governance task force to review the association’s current governance structure and recommend proposals. The task force recently concluded this work […] [Read More]

The American Recovery Association is already taking registrations thanks to an early bird discount for the fourth annual North American Repossessors Summit, which is scheduled for March 23–24 in Dallas. ARA officials indicated registration fees will increase after Dec. 31. “NARS is the must-attend event in the recovery and remarketing industry and with a limited […] [Read More]

Ally Financial announced the launch of a new financing product this morning on new 2011 and 2012 General Motors and Chrysler vehicles that gives customers the option of treating their vehicle purchase like a lease and selling it back to the lender at the 48th month at a fixed price. However, if the customer decides […] [Read More]

Acura dealers in Canada have a new level of support on the finance side. Honda Canada Finance revealed earlier this week that it rolled out Acura Financial Services, offering a bevy of services to Acura’s Canadian operations. These include: —Dedicated Acura client care toll-free number, available in English and French. —Exclusive Acura financial products and […] [Read More]

On the heels of declaring it is no longer up for sale, Dollar Thrifty Automotive Group announced Wednesday that its subsidiary Rental Car Finance Corp. completed the private placement of $400 million of Series 2011-2 asset backed medium-term notes.  [Read More]

Predicting the rate at which a used-model depreciates, or the collateral risk on an auto loan, can be a very difficult task. So how can lenders assess loss severity potential for their portfolios? Black Book believes it has a solution. The company is looking to help fill this void by launching a new Black Book […] [Read More]

Some of the repossession and recovery industries top executives will offer their insights and best practices during the brand-new, half-day Re3 Conference, which will take place Nov. 16 in Las Vegas. The Re3 Conference will include presentations from and discussions with: —Kevin Camping, owner, Camping Companies —Michael Eusebio, owner, Digital Dog Recovery —Chad Latvaaho, owner, […] [Read More]

Repo agencies are already regulated in California and Florida. And Illinois just passed a new law this year. Could Tennessee be next? Apparently, a legislator in the Volunteer State is preparing to bring a measure before the state’s General Assembly. State Rep. G.A. Hardaway serves constituents near Memphis, Tenn., a section of Tennessee he believes […] [Read More]

At the same time the finance company’s top boss secured more shares, a partnership of private investment firms delivered a $1 billion capital injection into Santander Holdings USA and Santander Consumer USA late last week. In return for these funds, Santander is giving Sponsor Auto Finance Holdings Series an aggregate number of shares of SCUSA […] [Read More]

Carfinco Income Fund took a few big steps this week as part of its process to transition from being an income trust to becoming a new corporation. Carfinco revealed Wednesday that it has struck an arrangement agreement with the new corporation — to be named Carfinco Financial Group — which is one of the required […] [Read More]