Kroll Bond Rating Agency (KBRA) found more evidence that federal assistance helped the auto-finance industry since August remittance reports showed what analysts called “solid” credit performance during the July collection period. The firm’s newest report dissecting information from the auto ... [Read More]

The Servicemembers Civil Relief Act (SCRA) created another action by federal enforcers. Last week, the Justice Department reached an agreement with ASAP Towing & Storage Co. (ASAP) in Jacksonville, Fla., to resolve allegations that ASAP violated a federal law and ... [Read More]

Consolidation that the repossession and recovery industries have rarely seen — if ever — came to light on Tuesday. According to a news release, Camping Companies and Paramount Recovery Service are merging, and four other repossession companies are involved, too, as ... [Read More]

Alleged fraudsters tried to cultivate quite a scheme in the Garden State during a two-year timeframe. Last week, New Jersey attorney general Gurbir Grewal announced that nine individuals have been charged with conspiring to use stolen identities to obtain New ... [Read More]

Perhaps a primary reason recently Wolters Kluwer Lien Solutions hosted an informational webinar appeared through a participant survey conducted during the session. Nearly 60% of the live webinar audience polled about portfolio management for auto financing responded that they felt ... [Read More]

Edmunds shared data with SubPrime Auto Finance News that average down payments in August climbed by more than $400 on new-car deals and by nearly $700 on used-vehicle transactions. Experts and surveys both pointed to how previous federal government stimulus ... [Read More]

Less than a month after launching its F&I solution, ZipDeal this week unveiled a free eBook the company said was created to help dealers combat the erosion of front-end profits on new and used vehicles with a customer-driven, digital vehicle ... [Read More]

Dealer Owned Warranty Co. recently promoted industry veteran Gene Silas as director of sales. The provider and administrator of F&I products and services said Silas brings a wealth of experience and dealer relationships to his new role at DOWC. Following ... [Read More]

Just before the holiday weekend, the Federal Trade Commission announced a group of dealerships in Arizona and New Mexico must cease business operations. It’s all part of a court-approved settlement resolving charges the regulator made two years ago that the ... [Read More]

A firm highlighted among the Special Finance 175 — McGlinchey Stafford — recently announced that 19 attorneys and eight of its practice areas have been recognized in the 2020 edition of Chambers USA – America’s Leading Lawyers for Business. Each ... [Read More]