The American Recovery Association is making an open call for speakers to be included in the fifth annual North American Repossessors Summit, which is set for April 26–27. ARA and the NARS 2013 planning committee are looking for speakers who can present their thoughts and experiences on topics relating to compliance, analytics and any other […] [Read More]

As the company's data showed auto loan originations now are at the highest level in five years, Equifax rolled out a new solution last week geared to help finance companies and dealers gain a better understanding of their customers' likely credit capacity, needs and usage. [Read More]

This week, the American Financial Services Association and the National Vehicle Leasing Association joined forces to urge Georgia lawmakers to reconsider legal changes in regard to financing companies paying taxes when vehicles are leased. Officials used the joint letter to the Georgia Department of Revenue Office of Tax Policy to raise significant concerns about a […] [Read More]

Dealertrack Technologies announced Wednesday that Santander Consumer USA will be moving its title administration processing to Dealertrack's Total Title Solution next year. Officials said Santander made the decision to move its vehicle title management to Dealertrack to gain processing efficiencies and improve customer satisfaction. [Read More]

Just before Thanksgiving, the Federal Reserve Board and the Consumer Financial Protection Bureau announced increases in the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) for exempt consumer credit and lease transactions. Officials said these increases are consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act amendments to […] [Read More]

In keeping with its goal of serving all professionals within the collateral recovery industry, Recovery Industry Services Co. formally introduced the Buy-Here, Pay-Here Collateral Recovery Certification Program. RISC said this comprehensive certification program has been endorsed by the National Alliance of Buy-Here, Pay-Here Dealers and is designed for BHPH stores that service their own in-house […] [Read More]

KAR Auction Services said Monday that it is seeking amendments to its credit agreement, dated as of May 19 of last year. The company explained that amendments to the credit agreement would provide KAR with greater flexibility, including modifications to increase the amount of restricted payments that are, among other things, dividends, stock buybacks and […] [Read More]

Hertz Global Holdings late Thursday said it reached an agreement with the U.S. Federal Trade Commission allowing the company to complete its acquisition of Dollar Thrifty Automotive Group. Under the terms of the proposed consent order that was approved by the FTC for public comment, Hertz is required to divest its Advantage business, selected airport […] [Read More]

TransUnion’s quarterly analysis of Canadian credit trends showed that the average consumer’s total debt — excluding mortgages — increased at its greatest rate in nearly two years, sparked in part by a climb in auto loan commitments. The overall average jumped 4.6 percent during the third quarter to $26,768. TransUnion determined Canada experienced both its […] [Read More]

Verification is more important than skip-tracing. Yes I said it, and I know that many of you may be shocked to discover that I could actually hold anything in higher regard than my much-esteemed art of skip-tracing. But let’s take a broader view of the landscape — many, many miles of landscape. An average nationwide […] [Read More]