Financial

For many years, the recovery industry has flown under the radar. Thanks to recently published articles like “Repo Madness” the repeated negative news about lenders and the bad economy has moved the recovery industry into the spotlight. The majority of recovery agents liked the anonymity and never really had to step into the limelight or […] [Read More]

AutoCanada revealed recently that president Bob Clark is no longer with the company. Chief executive officer Pat Priestner said he and other senior management staff would take on the presidential duties until AutoCanada finishes its “internal head office review.” [Read More]

The Federal Trade Commission is wary some debt collectors and recovery agencies could be violating federal consumer protection laws when attempting to collect debt owed by the deceased. As a result, federal officials are proposing a new policy statement to govern collectors’ actions. Moreover, they are also seeking public comment about the proposed policy. The FTC believes […] [Read More]

Even though Hertz Global Holdings spent money to increase its global car rental network, the company’s chief executive officer said the third-quarter results are likely to exceed internal expectations. [Read More]

An affiliated company of the Texas Credit Union League recently finalized an agreement with Repo Remarketing to be the preferred provider of repossession and remarketing services. Repo Remarketing is leveraging its Houston office to cater to Credit Union Resources. Linda Winkfein, vice president of lending resources and business development for Credit Union Resources, discussed why […] [Read More]

Joining the lineup at the National Remarketing Conference, which will be held Nov. 10-12 in San Diego, are remarketing and repossession experts Megan Haley, director of remarketing strategies at Fiserv, and Neal Boardman, asset remarketing manager and vice president at BB&T/Regional Acceptance. Haley and Boardman will join Howard Segal, vice president and remarketing manager at […] [Read More]

A recovery agent brought reinforcements the second time he attempted to repossess an SUV last week and for good reason. The first attempt resulted in a confrontation that included gunfire. Police said in a report published by the San Francisco Examiner that the 25-year-old agent was not injured during the incident at 4 a.m. last […] [Read More]

Guidepoint Systems believes it found a legal way to transform a GPS payment assurance device into a potential profit center for buy-here, pay-here dealerships. The basis of its recently launched GPS-based solution, Recover It, is that it not only incorporates payment assurance technology, but the tool can also allow a dealer to sell highly valued […] [Read More]

A day after it and Dollar Thrifty Automotive Group announced collaboration to gain antitrust approval for a merger, Avis Budget Group revealed some more favorable news for the company on Thursday. After looking at preliminary data, Avis projects that its third-quarter revenue was about $1.5 billion, an uptick from a year ago, and that its […] [Read More]

Dealers representing two General Motors of Canada brands now have another avenue they can use to attract customers, with leasing programs being rolled out earlier this week for Buick and Cadillac. The audience that Buick and Cadillac targets still has a strong lease penetration rate and GM Canada aims to tap into this hearty pool of […] [Read More]