Consolidated Asset Recovery Systems has been bought by Austin, Texas-based private equity firm Greenridge Investment Partners. The company said in the news release announcing the deal that its senior management team, including co-founders Steve Norwood and Terry Groves, will stay on ... [Read More]

While finance company executives know it’s important to originate vehicle installment contracts, they also understand it’s vital to keep those accounts current and monthly payments flowing into the company’s account. In an analysis sent this week to SubPrime Auto Finance ... [Read More]

This week, Wise F&I announced the hiring of Amy Counts as an account executive. The company indicated Counts is responsible for business and relationship development with independent agents by growing Wise F&I product penetration. Counts has more than 18 years ... [Read More]

CUneXus Solutions, a provider of omni-channel, application-free lending technology, formed a partnership with Edmunds.com in an effort to collaborate to develop a new generation of vehicle shopping and purchasing solutions. The companies indicated the goal is to have these tools ... [Read More]

Along with finalizing a relationship with McLaren Automotive North America, Ally Financial this week responded to demands from a hedge fund that amounted to what the finance company chairman called a “clear agenda to force a sale of Ally.” Ally ... [Read More]

Covington — a law firm with a global footprint and whose stable of professionals includes former Attorney General Eric Holder, NFL Commissioner Paul Tagliabue and Homeland Security Secretary Michael Chertoff — created a new consumer financial services practice aimed at assisting clients ... [Read More]

DominionACCESS, a division of Dominion Dealer Solutions, recently finalized integration of its ACCESS Dealer Management System with RouteOne’s eContracting platform. Officials explained this new collaboration can streamline the contract and payment funding processes for their dealership customers nationwide. “A major ... [Read More]

Fitch Ratings isn’t necessarily sounding alarms over what the Federal Reserve did with interest rates before the holidays arrived. It’s how the Fed might adjust rates during the next four years that is sparking analysts’ interests. Fitch acknowledged on Monday ... [Read More]

The Federal Trade Commission is ramping up its efforts to regulate dealerships on a pair of fronts to begin 2016. Remember what the FTC dubbed Operation Steer Clear? It was the commission’s action that punished 10 dealerships back in 2014 ... [Read More]

The Association of Finance & Insurance Professionals offered some clarity in response to the Federal Reserve Board’s recent announcement regarding thresholds for the Truth in Lending Act as well as the Consumer Leasing Act. AFIP executive director David Robertson explained ... [Read More]