In a move announced on Wednesday aimed at mitigating risk for finance companies, Digital Recognition Network (DRN) and Recovery Database Network (RDN) said that RDN recently embedded DRN’s Address Scoring solution into the provider’s asset recovery management platform. Company executives ... [Read More]

Fitch Ratings found another place where heightened competition amongst auto finance companies is leaving an impact. The firm’s latest report indicated U.S. prime auto ABS collateral has been marginally weakening in recent months due in part to that competition. Analysts ... [Read More]

Security National Automotive Acceptance Co. shared details about the appointment of three senior-level leaders and five new team member additions on Tuesday. The company tapped Mason, Ohio resident Robert Davis as director of collections. Davis most recently served as the ... [Read More]

U.S. Bank named a former high-level executive at Bank of America to lead the institution’s indirect lending group, which provides loans and leases to consumers through automobile, marine and recreational vehicle (RV) dealers. Taking over the role is John Hyatt. ... [Read More]

For any industry observers who question whether or not Consumer Portfolio Services grew as much as it should have during the first quarter, chairman and chief executive officer Brad Bradley reiterated the strategy the company utilizes. During the first quarter, ... [Read More]

Hudson Cook added a former high-ranking executive from Chase Auto Finance to be its newest partner. Coming on board for its Long Island, N.Y., office is Trisha Cacciola, who has more than 25 years of experience in consumer and commercial ... [Read More]

Automated clearing house (ACH) transactions rose again last year, according to new statistics released by NACHA — The Electronic Payments Association. NACHA determined ACH volume grew to almost 23 billion electronic payments, a year-over-year increase of almost 5 percent or 1 ... [Read More]

Terry Groves, co-founder and senior vice president of sales and remarketing at Consolidated Asset Recovery Systems, is offering two installment of a free webinar titled, “What Should You Pay For A Repossession Service?” Groves intends to cover six different topics ... [Read More]

American Bankers Association president and chief executive officer Frank Keating recently penned a letter to Consumer Financial Protection Bureau director Richard Cordray offering six improvements as to how institutions can respond to complaints that might be published publicly via the ... [Read More]

The deadline to file federal income tax forms came earlier this week, and Autotrader took a look at the options for consumers who didn’t necessarily want to use a potential refund to make a down payment — rather to utilize ... [Read More]