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Post-Pandemic Credit Union Trends

I talked recently with Joel Bowen, President of the California Credit Union Collectors Council (CCUCC). He shared his perspective on the state of credit unions as we continue to emerge from the pandemic. As we’ve heard from other lenders, delinquencies in general are down since the spring of 2020 when COVID-19’s effects were first felt in the U.S. In California, involuntary repossessions are very low as consumers are able to pay off debts because of stimulus checks, higher unemployment payments and rent or mortgage forbearance.  Another trend Joel discussed is that loans that were past-due before COVID-19 are an even

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Webinar Recap: Lenders Navigating COVID-19

DRN hosted a webinar in April to share perspectives from the vehicle finance industry about how the current COVID-19 environment is changing how they do business.  We heard from Jan Stieger, Executive Director of the Receivables Management Association International (RMA Intl.), a receivables trade association. Jan discussed that the COVID-19

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DRN Statement on Coronavirus (COVID-19) Response Preparedness

DRN continues to closely monitor the widespread impact of the coronavirus (COVID-19) pandemic. The safety and well-being of our employees, customers, partners and suppliers remain our top priority. Additionally, we are committed more than ever to supporting the critical communications, safety and security needs of our public safety and enterprise

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How Are You Staying Compliant with Active Duty Servicemembers

New OSA Report Cites Complaints Against Auto Lenders from Servicemembers The Office of Servicemember Affairs (OSA) recently released their 2018 Annual Report, which details complaints that have been submitted by servicemembers throughout the year. According to the report, there have been many complaints received about vehicle loans, which included: Late

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Find DRN at Used Car Week 2019

Get the scoop on must-see and do UCW events. The air is getting colder. The leaves are changing colors. It must be that time of year again – Used Car Week! DRN is heading back to the conference and we’re bringing favorite sessions like the Annual Peer to Peer event

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Partner Profile: American Recovery Service (ARS)

DRN and ARS Celebrate History of Partnership and Innovation About American Recovery Service American Recovery Service (ARS) provides a powerful and effective LPR service solution and is known for having developed the original LPR staging model for the recovery industry.  Celebrating their 25th anniversary this year, ARS continues to carry

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Partner Profile: Victory Recovery Services

Partner Name: Victory Recovery Services Years as Partners: 10 Years Location: Buford, Georgia About Victory Recovery Founded in 1989, Victory Recovery Services was one of the first skip tracing companies at the time. The company now offers a forwarding model but still remains true to its roots by offering skip

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Thank You, Veterans

DRN and Vigilant Solutions Commit to Serving Veterans Veteran’s Day first began as Armistice Day in 1919 to mark the end of World War I. Since 1926, after the passing of a resolution from Congress, we began to celebrate the holiday as what it is now – Veteran’s Day. VaaS

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Data Due Diligence: A Three-Pronged Approach to Risk Mitigation

Even with our strong economy, delinquencies remain an issue despite seeing high prime and subprime recoveries. Still, increased vehicle demand does not equal increased profit. Solution: Throw Data at it. Lots of it. Longer loan terms driven by higher vehicle prices and loan payments present a challenge. You can’t afford

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