Auto Remarketing Staff

As the volume of complaints the agency has handled swelled above 1.1 million, the Consumer Financial Protection Bureau filed a lawsuit in a federal district court this week against the debt collection law firm Weltman, Weinberg & Reis. The CFPB contends the firm has been falsely representing in millions of collection... Read More

NextGear revamps website to provide more tools

Auto Remarketing Staff

NextGear Capital announced recently that it has enhanced its website by adding more tools and resources that help dealers manage their vehicle and business needs. NextGear said its site now delivers more convenient access to information. The newly enhanced site connects dealers to increased educational resources,... Read More

March lease transfer approvals stay above 70%

Auto Remarketing Staff

Swapalease.com reported on Wednesday that the approval rate for vehicle lease transfers improved in March both on a year-over-year and month-over-month basis. The site indicated credit applicants registered a 75.0 percent approval rate for March, up by 3.8 percent versus February, which had a 72.2 percent approval rate.... Read More

Auto Remarketing Staff

Consolidated Asset Recovery Systems (CARS), a technology and services company that works with finance companies to help streamline the repossession and remarketing process, is hosting a free webinar focused on insurance claims and protecting finance company investments. The session, in conjunction with van Wagenen, will... Read More

ForeverCar brings aboard new COO

Auto Remarketing Staff

ForeverCar.com announced on Monday that it has chosen an industry veteran to join its executive team as the company’s new chief operating officer. Selected for the position is Ryan Kasprzak, who was most recently vice president of pricing and product portfolio strategy at Asurion, a mobile devices and other... Read More

Auto Remarketing Staff

The American Financial Services Association, along with two other industry organizations, recently delivered an amicus brief involving a crucial debt collection case in front of the Supreme Court. As AFSA highlighted through its Newsbriefs, the U.S. Chamber of Commerce and the Financial Services Roundtable joined AFSA... Read More

Overall delinquency rates change little in Q4

Auto Remarketing Staff

According to the latest State of the Automotive Finance Market report from Experian Automotive, none of the overall readings for either 30-day or 60-day delinquencies moved higher by more than 10 basis points year-over-year during the fourth quarter. Analysts indicated the overall delinquency reading to make the highest... Read More

Auto Remarketing Staff

DealerRater, announced on Friday that it has a new partnership with CU Direct, which allows the credit union technology and automotive solutions provider to publish DealerRater reviews and ratings on its vehicle shopping and research platform, AutoSMART. The platform enables auto dealers to sell more cars faster and... Read More