Just like some of its auto finance company clients, CalAmp is diversifying its portfolio beyond its GPS solution division that can help with recoveries and mitigate risk. On Tuesday, CalAmp announced a strategic partnership with Pioneer Electronics to expand connected ... [Read More]

The roster of partners on Hudson Cook’s legal team became larger this week. The firm announced attorneys Anastasia Caton and Erica Kramer have been promoted to equity partners of the firm, effective Jan. 1. With their addition, 18 of the ... [Read More]

Auto finance defaults ticked up slightly in November, but the rate still remained below 1 percent, according to the most recent data compiled by S&P Dow Jones Indices and Experian. The auto finance segment of the S&P/Experian Consumer Credit Default ... [Read More]

To cut down on paper usage and streamline operations, Auto/Mate Dealership Systems released a pair of tools on Monday aimed at helping both the finance office as well as the service and parts counter. The first solution is the company’s ... [Read More]

LAUNCHER.SOLUTIONS (Launcher), a technology provider specializing in subprime auto finance originations, recently announced its successful integration with LexisNexis Risk Solutions. The alliance is designed to give subprime finance companies access to alternative data within Launcher’s appTRAKER loan origination system. The ... [Read More]

Digital Recognition Network (DRN) has new ownership. According to a news release distributed on Monday morning, Motorola Solutions announced it has acquired VaaS International Holdings, a data and image analytics company that includes DRN and is based in Livermore, Calif., ... [Read More]

Traditionally, the 10th anniversary is celebrated with gifts of tin or aluminum. Well, Digital Recognition Network (DRN) closed 2018 with a series of critical milestones, representing all kinds of metal found during its 10-year history. The artificial intelligence and data ... [Read More]

With its annual Vehicle Finance Conference coming later this month, the American Financial Services Association (AFSA) announced a trio of promotions reflecting expanded expertise and increased responsibilities in both its federal and state government policy functions. The moves AFSA made ... [Read More]

As the Federal Reserve mulls interest-rate decisions for 2019, Edmunds explained that December’s auto finance data reinforced how 2018 represented a “tipping point.” Analysts indicated interest rates for new vehicles dipped slightly for a second consecutive month in December. But ... [Read More]

Two recovery industry providers aligned before 2018 to benefit their finance company clients. MBSi Corp., a member of the Automotive Intelligence Council and provider of repossession assignment software and vendor compliance solutions, and Servicing Solutions, an organization specializing in primary ... [Read More]