Jeff Haynes, vice president and national remarketing manager at BBVA Compass, described what intrigues him about the repossession, recovery and remarketing industries. Haynes pointed to the rate at which technology continues to allow companies to become smarter and more efficient. Technology doesn't just interest Haynes; it’s what separated him from a group of qualified candidates […] [Read More]

As the SubPrime Forum winds down and the Re3 Conference ramps up today, a similar subject will fill the presentations of both Used Car Week events — the Consumer Financial Protection Bureau. Discussions about the CFPB will begin in earnest when a presentation featuring Jack Tracey, the executive director of the NAF Association and Alicia […] [Read More]

Last week, the Consumer Financial Protection Bureau said it took the first step toward considering consumer protection rules for the debt collection market. Through its Advance Notice of Proposed Rulemaking (ANPR), the bureau is collecting information on a wide array of issues, including: —The accuracy of information used by debt collectors —How to ensure consumers […] [Read More]

Bill Jensen’s career began more than 40 years ago at Security Pacific Bank in Santa Ana, Calif., as a collector. After nearly two decades at that institution, followed by a stint as executive director for the National Vehicle Leasing Association, a post with Bank of America and a role managing Mazda American Credit, Jensen is […] [Read More]

Primeritus Financial Services held its first-ever Agent Partner Event for its national agency partners on Oct. 24-25 in Nashville, Tenn., home to the company’s corporate offices. More than 100 agents joined the Primeritus management team and staff for a tour of the new offices, reception and dinner, followed the next day by a Nashville city […] [Read More]

Extending its efforts to help automotive lenders efficiently select agents for asset recovery, Recovery Database Network announced that members of the Recovery Industry Services Company (RISC) Compliant Agent Network (CAN) will be identified within RDN’s recovery management software during the agent selection process. Officials explained RISC CAN Members will be tagged with a RISC CAN […] [Read More]

General Motors increased its lease penetration by more than 5 percentage points in the third quarter, becoming slightly closer to its industry peers than it was a year ago. In a chart set providing details on the automaker’s Q3 performance, GM said its lease penetration in the U.S. was at 21.3 percent in the third […] [Read More]

Swapalease.com recently learned the latest year-to-date credit approval average came in slightly lower in September than in August. Site officials said September’s reading settled at 72.7 percent, down slightly from a 74.5-percent approvals rate year-to-date in August. The average year-to-date approvals rate considered to be healthy is 70 percent, according to the company. Swapalease highlighted […] [Read More]

Digital Recognition Network indicated that its license-plate recognition solution determined that more than 55 percent of the assets the company finds are more than 100 miles away from where previous documentation said the vehicle should have been. Chief executive officer Chris Metaxas explained how finance companies can use that information not only as a tool […] [Read More]

This morning, Auto Remarketing and SubPrime Auto Finance News announced the last of a total of four honors to be handed out during Used Car Week, highlighting the inaugural winner of the Auto Finance Executive of the Year, presented by Black Book Lender Solutions. Earning this award from a group of talented executives who specialize […] [Read More]