2016 Compliance Must Have: Tracking via Technology

In September 1963, a young singer-songwriter-poet named Bob Dylan wrote an anthem for change. The last verse gave warning those who don’t keep up with the times and changes taking place: “The line it is drawn the curse it is cast The slow one now will later be fast As the present now will later be past The order is rapidly fadin’ And the first one now will later be last For the times they are a’ changin’!” Today, fifty plus years later, those words ring true for the auto finance industry, especially as it relates to their collection activity […]

Read more »

A senseless tragedy and a call for continuing education to our industry – Lenders and Vendors

Who’s responsible for this tragedy? It’s easy to blame the repo company, but what if they had an good employee who simply didn’t have enough training on how to handle these situations and he made a horrible mistake? What if he’d been working contingent assignments for a week with no income and he got to a point of desperation and he had the car and then she jumped in and took off, and his adrenaline got the best of him, and he didn’t have the training or incentive to “just say no” to following her? Anyone who has repossessed a […]

Read more »