Millennium Capital and Recovery Corp. recently named Robert Burleson as the company’s California operations manager. Burleson will head up Millennium’s California operations, including service to existing clients and other consumer lenders, as well as agent relations, and expertise in Millennium’s powersports and specialty recovery segment of its business. Burleson was operator of Chino, Calif.-based U.S. […] [Read More]

On Monday, Element Fleet Management Corp. announced several recent changes to its North American senior leadership team. They include the retirement of Tom Keilty, who served the company for over 20 years, along with new and expanded leadership roles in operations, fleet partnership solutions and strategic consulting. “These are skilled leaders who are focused on our […] [Read More]

SiriusXM and announced  on Tuesday that through its Credit Union Program it has partnered with the New Hampshire-based Service Credit Union. The credit union's members will now receive a three-month subscription for the radio company’s “All Access” package if they purchase any pre-owned car fitted with satellite radio that is financed through the credit union. […] [Read More]

As the volume of complaints the agency has handled swelled above 1.1 million, the Consumer Financial Protection Bureau filed a lawsuit in a federal district court this week against the debt collection law firm Weltman, Weinberg & Reis. The CFPB contends the firm has been falsely representing in millions of collection letters sent to consumers […] [Read More]

NextGear Capital announced recently that it has enhanced its website by adding more tools and resources that help dealers manage their vehicle and business needs. NextGear said its site now delivers more convenient access to information. The newly enhanced site connects dealers to increased educational resources, lending products and auction sites that accept NextGear lines […] [Read More]

Swapalease.com reported on Wednesday that the approval rate for vehicle lease transfers improved in March both on a year-over-year and month-over-month basis. The site indicated credit applicants registered a 75.0 percent approval rate for March, up by 3.8 percent versus February, which had a 72.2 percent approval rate. A year ago, the approvals rate came […] [Read More]

Consolidated Asset Recovery Systems (CARS), a technology and services company that works with finance companies to help streamline the repossession and remarketing process, is hosting a free webinar focused on insurance claims and protecting finance company investments. The session, in conjunction with van Wagenen, will begin at 1 p.m. ET on April 25. The webinar […] [Read More]

ForeverCar.com announced on Monday that it has chosen an industry veteran to join its executive team as the company’s new chief operating officer. Selected for the position is Ryan Kasprzak, who was most recently vice president of pricing and product portfolio strategy at Asurion, a mobile devices and other consumer electronics protection and support company. […] [Read More]

The American Financial Services Association, along with two other industry organizations, recently delivered an amicus brief involving a crucial debt collection case in front of the Supreme Court. As AFSA highlighted through its Newsbriefs, the U.S. Chamber of Commerce and the Financial Services Roundtable joined AFSA in arguing their points in a case where the […] [Read More]

According to the latest State of the Automotive Finance Market report from Experian Automotive, none of the overall readings for either 30-day or 60-day delinquencies moved higher by more than 10 basis points year-over-year during the fourth quarter. Analysts indicated the overall delinquency reading to make the highest jump was the percentage of outstanding balances […] [Read More]