WASHINGTON, D.C. — Consumer Financial Protection Bureau director Richard Cordray recently reiterated a head-turning fact: currently 30 million Americans are subject to some form of third-party debt collectors. And how these collectors, as well as repo agents and recovery departments, attempt to get some of that collateral and money back is about to be even […] [Read More]

SAN FRANCISCO — Wells Fargo & Co. recently tabulated that it invested $213.5 million in 19,000 nonprofits last year, giving more than $200 million for the fourth consecutive year. In addition, Wells Fargo said its team members increased their donations, which totaled more than $63.9 million and 1.5 million volunteer hours to more than 28,000 […] [Read More]

College basketball teams like Kentucky, Michigan State, North Carolina and Syracuse might be among the favorites to celebrate a national championship, but the NCAA Tournament winner won’t be the only one “cutting down the nets,” so to speak, on April 2. As the most celebrated three weeks in college hoops is set to get underway, […] [Read More]

Auto Retailer Russ Darrow Group recently revealed it has chosen a new general manager for its Russ Darrow Kia store. Tapped for the position is Lee Folk, who will manage the rooftop located at 416 N. Rolling Meadows Drive, Fond du Lac, Wis. In this new position, Folk will be “responsible for the day-to-day operations […] [Read More]

UCMLink, a recently launched dealer-to-dealer online portal geared toward helping used-car managers meet their business needs, has teamed up with Auto Search Technologies to provide dealerships a national retail listing service and data management hub. When this offering goes live in two weeks, dealers and their used-car managers will be able to tap into a […] [Read More]

NCM Associates announced the date and location for the launch of its newest training offering, Deep-Dive Seminar for General Managers. Organizers explained the week-long seminar scheduled for April 16–20 in Dallas features three separate sessions targeting competencies meant to aid general managers in maximizing their effectiveness in the dealership.   According to Garry House, director […] [Read More]

Consumer Financial Protection Bureau director Richard Cordray recently reiterated a head-turning fact: currently 30 million Americans are subject to some form of third-party debt collectors. And how these collectors, as well as repo agents and recovery departments, attempt to get some of that collateral and money back is about to be even more regulated. Cordray […] [Read More]

Renovo Services recently released its agency scorecards for the forwarding company’s repossession partners.  The company highlighted its Get Best Agent (GBA) program identifies the agents in a defined ZIP code range and uses several weighted metrics to automatically select the best agents. Officials indicated the primary metrics used to evaluate the best agent are recovery […] [Read More]

As gas prices are expected to rise this spring, Kelley Blue Book released a list that covers the most fuel-efficient vehicles available with five-year Total Cost of Ownership less than $30,000. To help consumers offset the rising price of fuel, these gas sippers include foreign and domestic models, ranging from Nissan’s Versa to the Chevrolet […] [Read More]

When the devastating earthquake and tsunami hit Japan a year ago, it steamrolled into a global vehicle and electronics production crisis that touched almost every aspect of the car business. And the aftermath was not just limited to the new-vehicle market. Even though these effects may not have been as widely talked-out or as obvious, […] [Read More]