It’s almost been three years since Santander Consumer USA began originating leases through Chrysler Capital in order for Fiat Chrysler Automobiles to have a captive to move new metal. And with those vehicles about to come back to FCA dealerships, SCUSA chief executive officer Jason Kulas likes where the automaker and finance company currently stand. […] [Read More]

The Automotive Assurance Group announced Wednesday that it has been acknowledged by Warranty Solutions as the top producing agency in the United States in 2015. AAG was honored during an awards ceremony hosted in Denver this week. "Automotive Assurance Group are leaders in the industry and have achieved great success with Warranty Solutions,” said Jason Winchester, […] [Read More]

Intellaegis president John Lewis cautioned the repossession industry about a new law that went into effect at the beginning of the year in California regarding the use of data collected by using license plate recognition technology. Lewis explained the new law in the Golden State — one that could be coming elsewhere — requires any […] [Read More]

Consumers, creditors and the economy as a whole benefit from the existence of the professional debt collection industry, according to the newest white paper from ACA International. Organization officials highlighted the white paper titled, “The Role of Third-Party Debt Collection in the U.S. Economy,” explores the industry’s role in the U.S. economy, focusing on how […] [Read More]

ACA International released its first whitepaper on Tuesday as part of a new research initiative that aims to collect more original data about the credit and collection industry. Officials explained the goal of this exclusive research and analysis is to quantify the ways that debt collectors help consumers and the overall economy. This first whitepaper […] [Read More]

Lease credit approvals on Swapalease.com decelerated a tad in the final two months of the year — similar to prior years — but still finished 2015 with a “healthy” approval rate of 70 percent, the company said in an analysis released Thursday. And much like the overall auto industry, lease approvals on the site were still […] [Read More]

Vehicle sharing programs are gaining popularity these days, and now the Blue Oval is joining the pack. Through the new Ford Motor Credit Co. leasing pilot program, families and small groups of friends and neighbors can now share a Ford vehicle, the automaker announced Monday. Ford Credit Link — which is being piloted for Ford Credit […] [Read More]

One of the most recent case studies shared by Automotive Personnel founder and chief executive officer Don Jasensky focused on what finance companies can do when they have an underperforming collections manager. Along with delving into five considerations before replacing this individual, Jasensky set the stage for a scenario that might not be too unfamiliar […] [Read More]

Stress-testing has had a profound effect on risk management practices within banks. In the wake of the global financial crisis, regulators around the world instituted policies designed to substantially remove the possibility of large-scale bank failures.  Capital reserves at banks have been appreciably raised, and regulators are applying a considerably greater amount of scrutiny to […] [Read More]

Millennium Capital and Recovery Corp. recently completed a move into a new state-of-the-art corporate headquarters that can accommodate the company’s growth and meet the current and future needs of its clients. As part of the relocation to its new facility located at 95 Executive Parkway in Hudson, Ohio, Millennium also invested in upgraded technology and […] [Read More]