EFG Companies added to its executive team on Tuesday, hiring Karl Nilsen as vice president of underwriting. Bringing more than 20 years of retail automotive underwriting expertise, EFG said Nilsen will partner closely with the company’s chief risk officer and ... [Read More]

AAA reported on Tuesday that the average cost for a gallon of gas in the U.S. hit $4.14, adding fuel to the challenges already happening in multiple parts of auto financing. Experts at Comerica Bank, Cox Automotive and Experian all ... [Read More]

PayNearMe rolled out three new capabilities to its platform last week designed to keep payers in the self-service channel — or bring them back — so that payments can be completed more efficiently. The new capabilities within its PayXM platform ... [Read More]

Carleton said findings from a nationwide survey the provider of compliant loan calculation and disclosure solutions conducted in March showed a “widespread compliance confidence crisis.” What triggered an auto-finance version of March Madness? Carleton explained its survey results stemmed from ... [Read More]

Ahead of next week’s North American Repossessors Summit (NARS) in Orlando, Fla., the American Recovery Association (ARA) on Thursday established a standardized industry guideline for reporting violent incidents encountered during field recovery operations. Association leadership said this initiative reinforces the ... [Read More]

Let’s review some notable events from 2011. The St. Louis Cardinals won the World Series for the 11th time, then 21-year-old Taylor Swift was named Artist of the Year at the American Music Awards, and Resolvion and Digital Recognition Network ... [Read More]

While two other industry service providers recently celebrated a collaboration that goes back 15 years, MBSi and LocateSmarter announced a partnership that began on Tuesday. The relationship means DMV vehicle registration, location data, and valuable contact information will be integrated ... [Read More]

The revamp of PCMI’s leadership team continued this week with the hire of a new general counsel. It’s a move that surfaced after the provider of cloud-based administration software for F&I products and service contract programs appointed a new chief ... [Read More]

Federal Reserve Governor Michael Barr explained how he’s examining data and trends to formulate policy while, “the U.S. economy has thus far remained resilient, despite having experienced a series of shocks over the past year.” Barr appeared last week at ... [Read More]

Generated by its account service team that’s 100% certified by the Association of Finance and Insurance Professionals (AFIP) — most at the master classification level — EFG Companies compiled a list of six compliance issues dealer principals should prioritize for ... [Read More]