Loan Portfolio Servicing and Caprock Auto Remarketing appointed an industry veteran who has held posts at Manheim, Triad Financial and Honda Financial Services to be director of business development for the two sister companies. Taking on the role is Greg Harris, who brings nearly 30 years of experience in subprime auto finance, auction sales and […] [Read More]

After having more than 300 registrants for each of its first two sessions, Vendor Transparency Solutions set the time for its next free recovery compliance webinar. The next session with Michael Dougherty of Weltman, Weinberg & Reis is going to focus on tips, pointers and suggestions for preparing for a client audit conducted by the […] [Read More]

The National Independent Automobile Dealers Association this week announced its endorsement of an F&I service for independent dealers it called “best in class.” Named by the NIADA as a National Member Benefit Partner is Vantage Finance, the only company of its kind to be endorsed by the association. “No other organization serves the independent dealer’s […] [Read More]

IHS president and chief executive officer Scott Key explained why the company viewed Carfax parent company R.L. Polk & Co., as so valuable that he went into an auction-style bidding process to make the acquisition. Key’s strategic moves paid off as IHS gained a definitive agreement to buy Polk in a $1.4 billion transaction. “As […] [Read More]

IHS Inc. has entered a definitive agreement to buy Carfax parent company R.L. Polk & Co., in a $1.4 billion transaction. The deal must first go through customary closing conditions, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. “The acquisition of R.L. Polk brings extensive and […] [Read More]

As subprime financing showed more signs of strengthening, too, Experian Automotive determined new-vehicle leasing during the first quarter rose to the highest level since the firm began tracking the data in 2006. According to its State of the Automotive Finance Market report released on Tuesday, Experian indicated leasing accounted for a record 27.5 percent of […] [Read More]

National Creditors Connection recently formalized a strategic alliance with Del Mar Recovery Solutions to perform repossession agent on-site inspections.  In this strategic alliance, officials explained NCCI will assume on-site inspection responsibilities of repossession lots for Del Mar’s network of more than 450 repossession agents.  Del Mar Recovery Solutions specializes in national repossession management, skip-tracing and […] [Read More]

Element Financial Corp. and GE Capital announced a definitive asset purchase agreement late last week under which Element would acquire GE Capital’s Canadian fleet portfolio. The deal the companies entered would also result in Element and GE Capital creating “a strategic alliance to deliver comprehensive vehicle fleet financing and management services to cross-border customers in […] [Read More]

Legal experts and industry associations aren’t the only ones raising questions about how the Consumer Financial Protection Bureau intends to regulate auto lending. Now more than a dozen members of the U.S. House Financial Services Committee are looking for answers, too. In seeking a response by next Friday, 13 House Democrats sent a letter to […] [Read More]

In the past, we have covered, “The Three Types of Tracers,” and “The Three Types of Skips.”  Now we have to complete the circle and cover “The Three Types of Tracing.” So you ask, why all these threes? The number three is generally attributed with a meaning of completeness: A beginning, middle, an end. Birth, […] [Read More]