Foster’s 40-year career now includes being named Repossession Agent of the Year
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First Advantage CREDCO Launches Stacked Credit Report for RouteOne Dealers
Tuesday, Oct. 28, 2008, 12:00 AM
Nick Zulovich
POWAY, Calif. — First Advantage CREDCO announced the integration of a new stacked credit report with RouteOne. The stacked credit report, which delivers separate credit reports from one, two or all three national credit bureaus in a single transaction, can help ... [Read More]
VW Credit Turns to Reynolds to Replace Contract
Tuesday, Oct. 28, 2008, 12:00 AM
Nick Zulovich
DAYTON, Ohio — Reynolds and Reynolds announced that Volkswagen Credit has adopted Reynolds' LAW(R) 553 Universal Retail Sale Contract for use in its consumer financing business, replacing its own proprietary form. More than 900 Volkswagen, Audi and Bentley dealerships in all ... [Read More]
FTC Delays Enforcement of Red Flags Rule
Thursday, Oct. 23, 2008, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — In order to clear up some confusion and allow creditors and financial institutions more time to implement their policies, the Federal Trade Commission announced Wednesday that it is pushing back the compliance deadline for the Red Flags Rule ... [Read More]
GDNAuto, CU Lending Strike Deal to Help Credit Unions Grow Auto Portfolios
Thursday, Oct. 23, 2008, 12:00 AM
Nick Zulovich
LOS ANGELES and ALAMO, Calif. — Global Debt Network Automotive and CU Lending Solutions have formed a partnership that can allow credit unions to expand their reach into the auto lending business and manage their portfolio risk more efficiently. Basically, the ... [Read More]
National Lenders Examine 3Q Challenges, Results
Thursday, Oct. 23, 2008, 12:00 AM
Nick Zulovich
SAN FRANCISCO, NEW YORK and McLEAN, Va. — As Wells Fargo Financial, Capital One Auto Finance and Chase Auto Finance recently released their third-quarter results, executives from these firms discussed how their companies have fared in light of challenges stemming from ... [Read More]
VINtek to Provide Title-Management Services to Major Lender
Thursday, Oct. 23, 2008, 12:00 AM
Nick Zulovich
PHILADELPHIA — VINtek announced Thursday that it added a nationwide lender as a new client, as the company has been chosen by Drive Financial to provide title-management services. "We selected VINtek as our new title management provider because of its record of accurately managing ... [Read More]
Toyota Financial Services Launches Rewards Card
Tuesday, Oct. 21, 2008, 12:00 AM
Nick Zulovich
TORRANCE, Calif. — Toyota Financial Services has introduced a new credit card where everyday transactions can earn users points that can be put toward their next purchase at a Toyota dealership. Basically, when consumers use their Toyota Rewards Visa for anything from ... [Read More]
What Led to 2Q Improvement at CarBiz?
Tuesday, Oct. 21, 2008, 12:00 AM
Nick Zulovich
SARASOTA, Fla. — CarBiz reported significant growth in its second-quarter earnings report, as quarterly revenue was boosted heavily by the acquisition of several buy-here, pay-here credit centers. More specifically, revenue for the period was $8.78 million, a $7.84 million upswing from ... [Read More]
NAF Association Releases 2009 Conference Information
Tuesday, Oct. 21, 2008, 12:00 AM
Nick Zulovich
HANOVER, Md. — The National Automotive Finance Association recently announced the dates and location of its 13th Annual Non-Prime Auto Financing Conference. The event is scheduled for June 3-5, 2009 at the Renaissance Worthington Hotel in Fort Worth, Texas. "The NAF Association ... [Read More]
First Advantage CREDCO Shares Details of Recent Red Flags Seminar
Tuesday, Oct. 21, 2008, 12:00 AM
Nick Zulovich
POWAY, Calif. — As dealers continue to prepare for the upcoming Red Flags Rule compliance deadline, First Advantage CREDCO announced that its recent online compliance seminar drew more than 920 registered participants and 1,000 total attendees. "You and The Red Flags ... [Read More]