Swapalease.com reported lease credit approvals have finished above 80.0 percent approvals mark during the last three months. The development marks the first time approvals have shown this level of success in more than two years. So far in 2015, site officials indicated, lease credit approvals rate have moved up to 72.2 percent. The site also pointed […] [Read More]

New analysis from the Mercatus Center at George Mason University reviewed the law and economics of consumer debt collection and its regulation. The expert who compiled the report insisted that the Consumer Financial Protection Bureau should consider all the potential consequences of new regulation — both intended and unintended — to ensure that it will benefit […] [Read More]

The JM&A Group has renewed its agreement with Kia Motors America. Partnered since 2007, JM&A will continue to offer the Kia Distinction branded F&I products and extended warranty services. According to JM&A, 716 Kia dealers offer at least one of JM&A’s products, with more than 400 utilizing at least five of its offerings. “We are […] [Read More]

Are you prepared for potentially more Volkswagen diesel trade-ins on your lot? While, of course, there is no guarantee that VW TDI owners will try to trade out of their rides, it's a scenario worth being ready for, at least.  With recent events in mind — including Volkswagen Group of America’s president and chief executive officer Michael […] [Read More]

Cox Automotive has made another executive-level move, this time appointing Brian Geitner as president of financial services and NextGear Capital. Geitner, who was already president of NextGear, receives these expanded duties as Patrick Brennan, who had been group vice president of finance services, became Cox Automotive’s senior vice president of operations and chief integration officer […] [Read More]

Matthias Mueller, Volkswagen AG’s chief executive officer, rallied the OEM's workforce on Tuesday, announcing to a group of over 20,000 employees at VW’s Wolfsburg, Germany plant that a plan is in the works to remedy the company’s recent diesel emissions scandal. With a focus on regaining trust and transparency, a news release from the automaker said Mueller […] [Read More]

How much is the Volkswagen diesel engine emission controversy impacting its certified pre-owned program? It may be too early in the process to tell.  On an EPA investigation update section of the Volkswagen of America website, VW said: "Right now, we’ve put a stop sale on all 2.0L 4-cylinder TDI equipped vehicles (new and certified pre-owned), […] [Read More]

Re3 Conference sponsor Del Mar Recovery Solutions recently partnered with Vendor Transparency Solutions in another step to enhance its compliance management systems. Executive explained this move will increase Del Mar’s level of compliance and quality of services it provides to the lending and financial services community. This partnership is geared to provide a series of […] [Read More]

In light of the Consumer Financial Protection Bureau handing out a $44 million enforcement action against Westlake Financial Services for its debt collection practices, BellesLink founder Paul Kulas offered five reasons why these methods that regulators find to be non-compliant aren’t that successful anyway. In a blog post published three days ahead of the CFPB […] [Read More]

Skip-tracing and collections expert Alex Price recently resigned his position as executive vice president at MasterFiles to take on new industry challenges. Price didn’t specify exactly where his career was heading next, only divulging that, “Stay tuned. Change is coming.” Price has been a panelist several times a wide array of industry events, including North […] [Read More]