New ValidiFI report reinforces importance of spotting high-risk indicators of ACH transactions
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Prestige Financial Names COO
Tuesday, May. 26, 2009, 12:00 AM
Nick Zulovich
SALT LAKE CITY — Prestige Financial Services announced a chief operating officer late last week. Taking on the role is Bryant Henrie. As its most senior executive, Henrie will direct the auto finance company's efforts to capitalize on market opportunities and further ... [Read More]
OSC Integrates into Finance Express to Offer Buy-Back Program
Tuesday, May. 26, 2009, 12:00 AM
Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express recently announced that Omega Service Corp. has integrated with its platform. OSC offers dealers a national buy-back product that allows customers to bring their vehicle back to the selling dealer after a waiting period. ... [Read More]
Chrysler Responds to Dealer Protests Over Cuts
Thursday, May. 21, 2009, 12:00 AM
Nick Zulovich
AUBURN HILLS, Mich. — Not surprisingly, Chrysler's Steven Landry came out this morning with a statement saying the automaker is sticking to its decision to cut 789 franchised dealers. The executive vice president of North American marketing, parts and service explained ... [Read More]
CPS: 1Q Dealer Contract Purchases Down Significantly
Thursday, May. 21, 2009, 12:00 AM
Nick Zulovich
IRVINE, Calif. — In announcing its first quarter results, Consumer Portfolio Services said that its annualized net charge-offs came in at 11.59 percent, compared with 6.66 percent in the first quarter of last year. Moreover, the company announced that delinquencies greater than ... [Read More]
AppOne Adds New Credit Union to Platform
Thursday, May. 21, 2009, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — AppOne, a part of Wolters Kluwer Financial Services, announced that Louisiana-based Pelican State Credit Union has joined its platform. AppOne will help Pelican State Credit Union connect with auto, marine and RV dealerships in Louisiana to provide ... [Read More]
Automotive Compliance Consultants Launches New Training Tool
Thursday, May. 21, 2009, 12:00 AM
Nick Zulovich
CHICAGO — Automotive Compliance Consultants recently launched a new online compliance training tool called Compliance Solved. Automotive Compliance Consultants partnered with Stone Meta, an automotive specific Web and software company, to develop this compliance tool. The service offers training modules focused ... [Read More]
DBRS: Auto ABS Remains Stable
Tuesday, May. 19, 2009, 12:00 AM
Nick Zulovich
NEW YORK — The recession has had a negative impact on almost all subprime auto asset-backed securities issuers; however, overall, the market appears to be staying on track, according to U.S. Structured Finance. Officials said the economic downturn has resulted in ... [Read More]
J.D. Byrider Opens New Store, Names New Executive
Tuesday, May. 19, 2009, 12:00 AM
Nick Zulovich
CARMEL, Ind. — J.D. Byrider said it has opened its third new location since the start of 2009, in addition to naming a director of service operations. The Monroeville, Pa., store marks the third Byrider franchise in Pittsburgh, the 10th in ... [Read More]
RMI, Digital Recognition Network Align to Serve Recovery Needs
Tuesday, May. 19, 2009, 12:00 AM
Nick Zulovich
SOUTHAMPTON, N.J. — Recovery Management recently announced a strategic alignment with Digital Recognition Network to boost vehicle recovery rates for lenders. Thanks to the alignment, now all recovery professionals who are channeled through RMI can attempt to locate a vehicle. That's ... [Read More]
Credit Union Creates Incentive For On-Time Auto Loan Payments
Tuesday, May. 19, 2009, 12:00 AM
Nick Zulovich
TUMWATER, Wash. — O Bee Credit Union has rolled out a program to aid customers who made payments on time on their auto loans. What the firm is calling its Pay-n-Save Auto Loan can give borrowers a 1-percent credit off their ... [Read More]