The repossession industry is taking swift action to position itself to survive the dire situation intensified by the COVID-19 pandemic. First, the American Recovery Association (ARA) started an initiative several weeks ago that’s resulted in the Repo Alliance, a fundraising ... [Read More]

Perhaps you cannot go to your local public library, but Protective Asset Protection recently made its library of professional development training courses available to all dealership personnel and agents. The provider of F&I programs as well as services and dealer ... [Read More]

Allied Solutions and Recovery Database Network (RDN) not only operate in the same Indianapolis suburb, but the companies now are partners since they both seek to help auto-finance companies in the same area of their operations. Allied Solutions, one of the ... [Read More]

Like so many individuals, TransUnion described the auto-finance industry as healthy before the coronavirus pandemic arrived in earnest more than two months ago. And in a special episode of the podcast, TransUnion senior vice president and automotive business leader Satyan ... [Read More]

After nearly two months of COVID-19 related ordinances and regulations, RISC acknowledged the repossession industry has not opened up in all areas, continuing to pressure recovery agency owners and their staff financially.  RISC wants to support agents during this crisis ... [Read More]

After being delayed because of the coronavirus pandemic, Credit Acceptance Corp. plans to return from Memorial Day weekend and share its first-quarter results on Wednesday.   Earlier this week, the subprime auto finance company gave a glimpse of how it’s ... [Read More]

For the second month in a row, the auto-finance portion of the S&P/Experian Consumer Credit Default Indices for April dropped to the lowest level in 10 years, even as the U.S. Department of Labor said another 2,438,000 workers made initial ... [Read More]

Editor’s note: This commentary is the second in a series compiled by Joel Kennedy, who is the current president of the National Automotive Finance Association and board adviser at TruDecision, looking at the intricacies of repossessions and recovery. The first segment ... [Read More]

LAUNCHER.SOLUTIONS (Launcher) entered the credit-union world on Tuesday to offers a solution the company believes can work exceptionally well in both the prime and the subprime market with regard to risk assessment and complex workflows. The technology provider specializing in ... [Read More]

Personnel within one of the most important dealership departments still need help as the coronavirus pandemic continues. Organizers of the F&I Providers Relief Fund for F&I managers have raised more than $500,000 in only about a month — half of ... [Read More]