Auto finance defaults rose for just the second time this year in October. But the 3-basis point rise is only a fraction of the largest uptick analysts from S&P Dow Jones Indices and Experian have seen during the past 36 ... [Read More]

Intellaegis, which does business as masterQueue, announced today during Used Car Week it has named a new operational strategist.  The debt collection software company has named former Ally executive vice president Bill Ploog to its management team.  Ploog joins Intellaegis ... [Read More]

AI and data analytics company Digital Recognition Network (DRN) announced on Thursday that rather than go to trial on the issue of damages, Location Services and DRN have agreed on a settlement after Federal Court ruled in DRN’s favor.  Location ... [Read More]

As Used Car Week kicked off this Monday in Scottsdale, Ariz., Primeritus Financial Services announced a new chief executive officer. Mike Thomas has been named CEO, and the move is effective immediately.  Thomas succeeds Scott Peters in the position, who joined ... [Read More]

KAR Auction Services today announced it has boosted its asset recovery capabilities with the purchase of Clearplan.  Based in Reno, Nev., Clearplan is a digital platform for recovery agents, drivers, forwarders and lenders that acts as a centralized, mobile “cloud-based ... [Read More]

There’s no doubt about the Federal Reserve’s decision revealed this week to leave interest rates as they are at least for the time being. By a unanimous vote, the Federal Open Market Committee decided to maintain the target range for ... [Read More]

What Locations Services believes is the recipe for success in the repossession and recovery industries includes taking executives from an array of well-known companies such as Ally Financial, PAR North America and Remarketing of America and fueling them with the ... [Read More]

This week, LendingTree released its study on where millennials owe the most on their financed vehicles. And as they say, everything is bigger in Texas. The results, ranked by median balance, showed where millennials are the most and least burdened ... [Read More]

Two prominent industry names — Consolidated Asset Recovery Systems and Digital Recognition Network (DRN) — now are working even closer together. The two companies that will each have prominent appearances during Repo Con at Used Car Week 2018 announced on ... [Read More]

AGORA Data is responding to the need for accurate information involving seasoned vehicle installment contracts. On Monday, the secondary loan marketplace announced what that company believes is the release of the first-ever loan validation report for seasoned loans. AGORA’s proprietary ... [Read More]