Exactly 239 years ago, a group of prominent individuals got together and created the great nation we live in today. They aspired to build a nation where people could freely voice their opinions and concerns in order to help better the world around them. Then 188 years later (51 years ago), another group of individuals […] [Read More]

Four industry associations all raised various concerns on Tuesday about the consent order released by the Consumer Financial Protection Bureau and Department of Justice involving American Honda Finance Corp. To recap, along with paying $24 million in restitution, Honda’s captive is being instructed to restrict dealer markup to 125 basis points or lower, depending on […] [Read More]

ACA International, the association of credit and collection professionals, filed a lawsuit on Monday in the United States Court of Appeals for the D.C. Circuit seeking judicial review of the Federal Communications Commission’s declaratory ruling and order adopted June 18 on the Telephone Consumer Protection Act. The official ruling was released last Friday. The FCC’s […] [Read More]

Organizers of the North American Repossessors Summit (NARS), an industry event hosted by American Recovery Association (ARA), set the dates for their eighth annual event, which will be held on April 14-16. The NARS 2016 planning committee members include some of the industry leaders from ARA, Capital One, California Association of Licensed Repossessors and Rocky […] [Read More]

Account Control Technology (ACT), a provider in delivering debt recovery and business process outsourcing solutions, recently was named the 2015 Corporate Partner of the Year in the Non-Profit & Corporate Citizenship Awards sponsored by the Los Angeles Business Journal. The award is given to a “for-profit organization in recognition of its impact to single or […] [Read More]

The financial underpinnings for the private equity firm investment in America’s Auto Auction and affiliated company, Auction Credit Enterprises, received a boost on Monday. Babson Capital Management, a leading global asset management firm with more than $217 billion in assets under management, purchased equity interests to support Trinity Hunt Partners' acquisition of AAA and ACE. […] [Read More]

Leasing’s resurgence and market impact doesn’t look like it will end any time soon. Ironically, however, it appears to be making more noise in the truck market and among mainstream brands than their car and luxury counterparts.   Relatively speaking, of course. “Leasing’s influence on industry sales shows no sign of relenting; it made up […] [Read More]

Remarketing of America recently enhanced its risk management and loss mitigation services by partnering with National Creditors Connection Inc. (NCCI) to provide field contact services for finance companies nationwide. Officials explained this new service will be fully integrated with ROA MAXX, ROA’s proprietary AssetLink technology, enabling finance companies to access these services, along with all […] [Read More]

Vendor Transparency Solutions (VTS) recently enhanced relationships with two of the repossession industry’s largest organizations — Allied Finance Adjusters (AFA) and Time Finance Adjusters (TFA) — in order to provide regulatory compliances services for agents. AFA and VTS through its ongoing partnership announced the integration of the Allied Finance Adjusters vetting portal and the VTS […] [Read More]

Auto Remarketing has launched a new series this year called “Consignor Connection,” in which we catch up with a leading remarketing executive at a different consignor each month. In a Q&A format, we talk about best practices, auction industry trends and more. The latest in this series features Darrin Aiken, assistant vice president of vehicle remarketing at Wheels […] [Read More]