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May 29, 2014 - Industry News

CPS to Pay $5.5 Million to Settle FTC Charges

The FTC charged the subprime finance source with using illegal tactics to service and collect on consumer loans, including collecting money consumers did not owe, harassing consumers and third parties, and disclosing debts to friends, family and employers.

Tags: Collections, CPS, FTC, subprime auto finance

June 17, 2011 - Industry News

Vehicle Acceptance Corporation joins NIADA National Member Benefit Program

VAC’s entrance into the program will provide NIADA members across the country with cash advance and collection services.

Tags: cash, Collections, NIADA, Vehicle Acceptance Corporation

October 1, 2009 - Industry News

NACM Sees Marked Improvement in Credit Performance

While there’s been some signs of improvement in credit availability and retail sales, there’s been little positive news regarding payment on debt and the number of accounts placed for collections. That changed in September for the first time since the economy started to seriously bottom out, according to the National Association of Credit Management (NACM)’s Credit Managers’ Index (CMI).

Tags: Collections, Credit, National Association of Credit Management

September 24, 2009 - Industry News

PROCON Inc. Launches New Payment Assurance Technology Brand

PROCON Inc. unveiled LoanPlus, a new payment assurance brand, which uses GPS telemetrics, customized Web services and customer service teams to support financial lending institutions in their collections and operations management.

Tags: Collections, payment assurance systems, PROCON Inc.

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