Financial

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]

JM&A Group revealed its new vice president and chief financial officer on Thursday. JM Family Enterprises promoted Robert Haeffner to the role. Executives noted Haeffner now is responsible for all accounting, fiscal management, financial reporting and actuarial functions for JM&A. A certified public accountant, Haeffner has been with JM Family since 2004 and most recently […] [Read More]

On Wednesday, Chrysler unveiled the incentives that will be available for this month. Breaking the October incentives down by brand, Chrysler’s dealer body can offer consumers the following: Ram Truck The “Ram Handshake” promotion for 2010 models will be kept running. Basically, this is a pledge that allows shoppers buy a Ram truck and take […] [Read More]