On Friday, KAR Auction Services announced an addition to the management team for one of its business units, Recovery Database Network (RDN). Joining the provider of specialized software and data solutions to customers across the repossession and disposition value chain as vice president of business development is John Sibbitt. The company highlighted Sibbitt brings eight years […] [Read More]

The team at 700Credit this week rolled out a new solution built to identify and combat synthetic fraud using a suite of synthetic identity detection rules to prevent criminals from continuing to hide behind false identities. The provider of credit reports, compliance solutions, prescreen and consumer pre-qualification products and services explained that its synthetic fraud […] [Read More]

It’s already been an eventful 2019 for the XLerate Group. The auction company announced a pair of acquisitions on Friday, adding Morton Auto Auction (MAA) located in Morton, Ill., and Southeastern Auto Auction (SEAA) based in Savannah, Ga. With these acquisitions in the portfolio, XLerate Group now operates 12 auctions with sales in California, Florida, […] [Read More]

Exeter Finance is going public, joining providers such as Credit Acceptance and Consumer Portfolio Services as specialists in subprime auto finance that also sell public shares. The Texas-based company that began originations in April 2006 filed paperwork this week with the Securities and Exchange Commission for an initial public offering that Exeter hopes to generate […] [Read More]

New technology will provide an enhanced music experience for Lincoln drivers, including the ability to tap into more than 60 million songs and curated playlists at their fingertips. Lincoln owners with SYNC 3 with AppLink compatible vehicles and an iOS device can now access the TIDAL app via the in-car console. That is because of a new collaboration […] [Read More]

Now that its wholesale vehicle valuation for buyers and sellers known as Adjusted MMR is newly integrated with the AutoIMS inventory management platform, Manheim says the Adjusted MMR product is more widely available. The integration means commercial consignors using AutoIMS can use Adjusted MMR, which now accounts for a vehicle’s AutoGrade condition and exterior color, as well as mileage […] [Read More]

The American Bankruptcy Institute highlighted that total filings in 2018 represented a decrease for the ninth year in a row. According to data provided by Epiq Systems, total bankruptcy filings in 2018 dropped 2 percent year-over-year. Filings fell from 766,761 cases in 2017 to 755,182 filings in 2018. Officials indicated total consumer filings also decreased […] [Read More]

BillingTree named a new chief executive officer on Thursday. Coming aboard as the new leader of the supplier of financial technology and payment solutions is Christine Lee. The company indicated in a news release that former CEO Edgars Sturans will remain as a BillingTree board member. BillingTree highlighted Lee’s hiring comes at an opportune time […] [Read More]

One of the first honorees highlighted among Women in Auto Finance during Used Car Week 2018 — Jennifer Reid of Equifax — delved into an array of topics with Nick, including the subscription model as well as how companies in the auto-finance space are going to handle future technological challenges. Reid also shared some suggestions on […] [Read More]

Automotive Finance Corp. president Jim Money shared a conversation with Nick during Used Car Week 2018 to discuss trends involving dealership floor planning and other commercial lending that helps stores thrive. Money also touched on how actions by the Federal Reserve influence how both AFC and dealerships do business. The podcast discussion can be found below. Download […] [Read More]