DALLAS — This morning, Vehicle Acceptance Corp. named a new national sales director and a new branch manager for its Carmel, Ind., location. Taking on the role of national sales director is Allan Couch, while Jeff Baldwin will lead the new office as branch manager. The company said Couch has years of experience with a Fortune 200 […] [Read More]

SOUTHAMPTON, N.J. — Recovery Management Inc., which provides a bridge between lending institutions and independent recovery professionals, in partnership with OPENLANE and Alliance Inspection Management, has launched RMI Liquidation Solution. The partnership works to reduce the costs typically associated with the recovery and remarketing of repossessed vehicles by improving time to remarket and eliminating transportation costs for lien […] [Read More]

OAKLAND, Calif. — On Wednesday, Centrro announced it has purchased BarNone, a provider of specialty finance and consumer services, from First Advantage Corp. Centrro specializes in offering a vertical search engine to help consumers find personal financial products that complement their credit profiles. Describing the company, Centrro says via its site, "Our team is composed of […] [Read More]

KNOXVILLE, Tenn. — PROCON is introducing LoanPlus, which will be managed by a new Lender Services division that the company says can help lenders better protect their assets if a consumer defaults. The company's new LoanPlus program is based on GPS telemetrics and is designed to provide financial lending institutions with a better way to secure assets on consumer and […] [Read More]

DAYTON, Ohio — Dealers concerned with regulatory issues in the auto industry may want to attend the F&I Management and Technology Conference and Expo, which is featuring director of compliance Terry O'Loughlin from Reynolds and Reynolds. "Across the board, dealers I've spoken to recently cite today's regulatory environment, combined with the recession, as among the biggest […] [Read More]

CLEARWATER, Fla. — Nicholas Financial recently announced the opening of a new branch office in Akron, Ohio. The new location continues the company's planned expansion of its branch office network, which now includes, 49 offices in Florida, Georgia, North Carolina, South Carolina, Virginia, Ohio, Michigan, Maryland, Kentucky, Indiana, Alabama and Tennessee. Each of the offices is […] [Read More]

IRVINE, Calif. — Consumer Portfolio Services announced it received a staff deficiency letter from Nasdaq on Sept. 15 stating the company has failed to comply with the minimum bid price of $1.00 as required by Rule 5450(a)(1). Under the rule, which affects official listings in the Nasdaq Global Market, companies must meet all of the criteria under […] [Read More]

NEW YORK — According to U.S. Structured Finance, the market for auto loan asset-backed securities has been slowly coming back. This market has been helped in part by the Federal Reserve's Term Asset-Backed Lending Facility, officials indicated. "Also the re-emergence of cash investors in the market have added to the attractiveness of auto ABS and, in […] [Read More]

CHICAGO — The less time a car buyer has to spend in a dealer's finance or service office, the more likely the person is to be a repeat customer. That's the goal behind The Impact Group's selection of the SCS Auto administration platform from F&I Administration Solutions. "It is industry knowledge that the less time customers […] [Read More]

HANOVER, Md. — The two veteran attorneys of Hudson Cook are scheduled to receive the American Financial Services Association's 2009 Distinguished Service Award. Fittingly, the honors will be bestowed upon the firm's founding partners, Tom Hudson and Robert Cook. "I know of no other individuals who are more deserving of this award than Tom and Robert," said […] [Read More]