Finance and Insurance
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RV News
Protective Offers Online Dealer Training
Chesterfield, Mo.-based Protective Asset Protection, a provider of F&I programs, services and dealer-owned warranty company programs, has made available its…
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RV News
Priority One, MOTOTV Bring Exclusive Partner Content to Dealers
St. Petersburg, Fla.-based Priority One Financial Services, an F&I outsourcing provider to the RV industry, announces a new, exclusive partnership…
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RV News
APCO Holdings Joins Relief Fund Initiative
Norcross, Ga.-based APCO Holdings, a provider and administrator of automotive financial and insurance products and home to the EasyCare and…
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RV News
Relentless Dealer Services Introduces Adventure RV Club
Greenwood, Ind.-based Relentless Dealer Services (RDS) said it is pleased to announce the introduction of Adventure RV Club. RDS will…
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RV News
Blog: 5 Steps Dealers Should be Doing to Prepare for Recovery
Source: Palmetto, Florida-based DLR Financial Are you a dealer worried about the future of the dealership you have put your heart,…
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RV News
Cummins Increases Credit Capacity by $2 Billion
Columbus, Ind.-based Cummins Inc., a manufacturer of power systems and engines used in a variety of industries, has entered into…
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RV News
Relentless Dealer Services Partners with Gardner’s RV
Indianapolis-based Relentless Dealer Services announced that it has agreed to partner with Gardner’s RV, a Montana-based company with locations in…
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RV News
Good Sam Insurance Agency Underwriter to Give Refund and $3M Donation to COVID Relief Efforts
St. Louis-based Good Sam Insurance Agency underwriter National General Insurance announced a 15 percent credit on all applicable April premiums…
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RV News
APCO Holdings Announces Added Support for Dealers
Norcross, Ga.-based APCO Holdings, a provider and administrator of automotive financial and insurance products and home to the EasyCare and…
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RV News
CDK Global Sells Segment to Ansira Partners
CDK Global has completed the sale of the company’s digital marketing business to Ansira Partners. The CDK digital marketing business has…
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1st Source Bank Profit Drops $6M
South Bend-based 1st Source is reporting first quarter net income of $16.4 million, down from $22.2 million during the same…
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RV News
Senate Passes Additional Paycheck Funds
The Senate recently passed a $484 billion interim coronavirus funding bill that includes $310 billion in additional funds for the…
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Equifax Webinar to Cover Credit Reporting
Equifax will hold a webinar at noon on Friday, April 17, on credit reporting during the COVID-19 pandemic. The recently…
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RV News
VisionTouch Updates Available Now
Vision Dealer Solutions has released an updated version of its F&I product VisionTouch. The sales solution provides agents and dealers the…
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RV News
Priority One’s Vogel Passes Away
Priority One Financial Services has announced the recent passing of Glen Vogel, operations manager. Vogel, a member of the Priority…
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Vision Dealer Solutions Provides Complimentary F&I Service
Vision Dealer Solutions has announced it is providing its dealer VisionMenu clients complimentary access to the company’s Remote F&I service…
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RV News
U.S. SBA Implements Automatic Deferment on Existing Disaster Loans
U.S. Small Business Administration Administrator Jovita Carranza has announced changes to help borrowers still paying back SBA loans from previous disasters. By…
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Up to $100M in Dislocated Worker Grants Available
The U.S. Department of Labor has announced the availability of up to $100 million for Dislocated Worker Grants (DWGs) to…
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RV News
Priority One Launches New, Secure Portal
Priority One Financial Services has launched its new, secure, digital customer portal. Priority One stated it recognizes the necessity for…
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RV News
Brown & Brown Acquires Assets of Northeast Dealer Consultants
J. Scott Penny, chief acquisitions officer of Brown & Brown, and Phil and Pamela Bruno, the owners of Northeast Dealer…
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RV News
Dealer Profit Services Introduces F&I for RV Dealers
Dealer Profit Services, a supplier of F&I services to marine and RV dealers, is now offering a comprehensive suite of…
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RV News
Dobrowski Celebrates 10 Years at Priority One
Priority One Financial Services is celebrating 10 years of employment with Kristopher Dobrowski, commercial finance manager. Priority One, an F&I…
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RV News
SEC Fines Wells Fargo $500M
Last week didn’t end on the best footing for California-based Wells Fargo & Co., with the Securities and Exchange Commission (SEC) announcing…
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RV News
Merrick Bank Merges Into Ally Financial
Ally Financial has entered into a definitive agreement to acquire CardWorks in a transaction valued at about $2.65 billion. Cardworks is…
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RV News
Wells Fargo Remodels Structure with Five Line of Business CEOs
Wells Fargo has appointed several new business leaders and made changes designed to create a flatter line of business organizational…
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RV News
Accounting Firm to Investigate Erwin Hymer Sale
A Toronto-based forensic accounting firm is investigating the 2016 sale of local RV manufacturer Roadtrek to German-based Erwin Hymer Group…
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RV News
Former Wells Fargo CEO to Pay $17M
The U.S. government announced Thursday that former Wells Fargo CEO John Stumpf has been banned from ever working at a bank again and will…
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RV News
Wells Fargo Reports Strong Decline
Wells Fargo & Co. has reported a net income of $2.9 billion for the fourth quarter of 2019, compared with…
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RV News
Aliner Makes Debut in Europe
Aliner, the makers of the original a-frame camper, is entering the new year debuting at the Holiday Fair-Brussels RV Show…
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RV News
Registration Opens for MBA Rental School
Registration has opened for MBA’s 2020 RV Rental School, which takes place Feb. 25-27 at the Tuscany Hotel & Casino…
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RV News
NMLA Releases Revised Marine Lending Resource
The National Marine Lenders Association has released its latest review of the U.S. marine lending industry at MRAA’s Dealer Week…
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RV News
Bank Seeks to Recover $1.5M from IOI Debacle
A South Bend, Ind., judge will hear arguments this month over whether a bank can recover a $1.5 million overdraft…
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AGWS Expands University F&I Training Schedule
American Guardian Warranty Services (AGWS) has announced an expanded 2020 AGWS University F&I training schedule. Now offered on a monthly basis,…
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RV News
Priority One Recognized for Nonprofit Work
Priority One Financial Services was recently recognized by the Tampa Bay Business Journal as a One Tampa Bay Honoree. The…
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RV News
BB&T, SunTrust Merger Approved by U.S. Fed
The U.S. Federal Reserve recently approved a merger between BB&T Corp. and SunTrust Banks Inc., sealing the biggest tie-up of…
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Motility, MenuSys Integrate F&I Workflow
Motility Software Solutions, a provider of dealership management systems for the specialty vehicle market, has reached an agreement with leading…
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RV News
Northpoint Named Bronze Partner for RVDA Expo
The RV Dealers Association has announced that Northpoint Commercial Finance is returning as a Bronze Partner for the 2019 RV…
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RV News
Finance Provider DLL Expands Into RV Market
DLL, a global financial solutions provider, will expand its offerings into the recreation and leisure lifestyle market in North America.…
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RV News
Aqua Finance Appoints New President, CEO
Aqua Finance, a provider of financing to consumers in the water treatment, home improvement, and RV industries, has appointed Rich…
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RV News
Huntington Bancshares’ RV and Marine Loans Increase 17 Percent
Huntington Bancshares has reported net income for the 2019 third quarter of $372 million, a decrease of 2 percent from the…
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RV News
Wells Fargo Names Scharf CEO and President
The board of directors of Wells Fargo & Co. has named Charles W. Scharf as the company’s CEO and president,…
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Webinar to Review Sales F&I Compliance
The Mike Molino RV Learning Center and strategic partner KPA will host a free webinar at 2 p.m. ET on…
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RV News
Bank of the West Named Bronze Sponsor for Expo
The National RV Dealers Association has announced that Bank of the West is a Bronze Sponsor for the 2019 RV…
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RV News
Bank of America Made Bronze Partner for Expo
The RV Dealers Association recently announced that Bank of America Merrill Lynch is a Bronze Partner for the 2019 RV…
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RV News
Bankrupt IOI Acquired by PrimePay
A Pennsylvania company has completed its $3.5 million acquisition of Interlogic Outsourcing Inc., an embattled payroll company based in Elkhart. This…
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RV News
Higginbotham Adds RV Dealer Insurance Practice
Higginbotham and Diversified Insurance Management have announced their merger. Diversified is an independent property/casualty insurance agency in Plano, Texas, with a specialty…
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RV News
Protective Asset Protection to Hold F&I Training
The finance and insurance and sales education tracks at the 2019 RV Dealers Convention/Expo will feature hour-long workshops from Karla…
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RV News
MBA is Bronze Partner for Expo
The National RV Dealers Association has been joined by MBA Insurance as a bronze partner for the 2019 RV Dealers…
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RV News
USWC Enters Marine Market
United States Warranty Corporation (USWC) based in Cleveland, is excited to announce the addition of a Marine Division, rounding out…
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RV News
Universal Lenders Detail Zero Down Program
The Zero Plan by Universal Lenders has announced the addition of its Zero Down Zero Plan payment program. “We are…
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RV News
U.S. Reps Introduce RV Floor Plan Tax Fix
U.S. Reps. Jackie Walorski (R-Ind.) and Stephanie Murphy (D-Fla.) recently introduced the bipartisan “Travel Trailer and Camper Tax Parity Act” (H.R. 4349)…
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RV News
Life Industries Signs Martin Flory Group
Life Industries, formulator of cleaning and restoration chemicals for the marine, RV and aviation market segments, has hired Martin Flory…
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RV News
IOI’s Alleged Fraud Could Exceed $90M
Financial scandals in the payroll processing industry in recent years have followed a similar thread. This story by Caleb Bauer…
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Abry Partners to Acquire Portfolio Holding
Abry Partners, a Boston-based private equity firm, has agreed to acquire Portfolio Holding from Capital Z Partners, LP, a New…
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RV News
Claims Against IOI Continue to Build
An Elkhart payroll company is facing additional claims from clients who say they are owed millions of dollars, while the…
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RV News
RV Manufacturer Hurt by Interlogic Fraud Scandal
Interlogic Outsourcing, an Elkhart-based company in the midst of a fraud scandal, will continue operating despite filing for bankruptcy but…
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RV News
Brown & Brown Named Bronze Partner for Expo
The RV Dealers Association has announced that Brown & Brown Dealer Services is a Bronze Partner for the 2019 RV…
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RV News
SunTrust Banks and BB&T to Merge, Form Truist
Shareholders of BB&T Corp. voted overwhelmingly Tuesday to approve the Winston-Salem-based bank’s merger with SunTrust Banks and the new bank’s proposed name:…
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RV News
Protective Asset Protection Made Gold Partner
RV Dealers Association recently announced that Protective Asset Protection is the Gold Partner for the 2019 RV Dealers Convention/Expo. Protective…
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RV News
NAE Recognizes Dealer Partner’s F&I Department
The National Automotive Experts (NAE/NWAN) recently recognized its dealer partner, Spirit Motorcycles San Jose, for being named Innovative F&I Department…
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Protective Life Acquires Great-West Assets for $1.2B
Protective Life Corp. has completed a transaction with Great-West Life & Annuity Insurance to acquire, via reinsurance, substantially all of…
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RV News
Freddie Mac, Fannie Mae Begin Financing MH
Fannie Mae and Freddie Mac are starting to finance manufactured home purchases, with the hope that their involvement will turn the…
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RV News
Priority One Adds EZ-Sign to Closing Process
The addition of Merrick Bank to the platform is the next step in Priority One’s expansion of lenders allowing electronic…
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RV News
BB&T, SunTrust Merge to Become Truist Financial
The soon-to-merge BB&T Corp. and SunTrust Banks have a new name: Truist Financial Corp. This story by Caroline Hudson originally appeared in the…
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Wells Fargo Named Platinum Sponsor for Expo
https://youtu.be/SK0KOzAn27k The RV Dealers Association has announced that Wells Fargo Commercial Distribution Finance (CDF) is returning as the Platinum Sponsor for…
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RV News
Universal Lenders Reduces Fees for Retailers
Universal Lenders, creators of the ZERO Plan and a 2018 Dealers’ Choice award-winner, has announced Level D guidelines to provide…
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RVDA of Canada Enters Endorsement Partnership with Cambridge Global Payments
The RV Dealers Association of Canada has formed a new endorsement partnership with Cambridge Global Payments, one of the largest…
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RV News
Brown & Brown Acquires United Development Systems
J. Scott Penny, chief acquisitions officer of Brown & Brown, and Randy Crisorio, the owner of United Development Systems (UDS),…
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BJCC Announces Deal with Protective Life
Protective Life will be the naming rights sponsor for the new BJCC stadium in downtown Birmingham. This story Lauren Walsh…
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RV News
Wells Fargo CDF Marks Canada Anniversary
Wells Fargo Commercial Distribution Finance is celebrating its 50th anniversary of providing inventory financing in Canada. Based in Mississauga, CDF…
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RV News
Wells Fargo Honored for Canada Work
Last week, RVDA of Canada helped celebrate Wells Fargo Commercial Distribution Finance’s 50th anniversary kick-off celebration in Vancouver, B.C. RVDA…
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RV News
Wells Fargo Consumer Loans Decrease $3.7 Billion
Wells Fargo & Co. recently reported a net income of $5.9 billion for first quarter 2019, compared with $5.1 billion for first quarter…
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RV News
American Guardian Details F&I Training Schedule
American Guardian Warranty Services (AGWS) has announced its 2019 AGWS University F&I training schedule. The workshop is designed to provide…
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RV News
NWAN Announces New ‘Extreme Powersports’ Program
National Automotive Experts and NWAN (NAE/NWAN) recently launched its new powersports service contract program. The new program, Extreme Powersports, is…
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RV News
Outdoorsy Partners with Liberty Mutual
Outdoorsy has partnered with Liberty Mutual for three levels of RV rental insurance. Since going live with the partnership on March 1,…
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RV News
BB&T to Acquire SunTrust, Causes Concern
A more permissive regulatory environment culminated on Thursday in the biggest bank merger since the 2007 to 2009 financial crisis,…
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RV Web Services Partners for More Qualified Leads
RV Web Services, Trader Interactive’s online marketing division, has partnered with 700Credit to increase RV sales by supplying dealers with lead…
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RV News
Gallery: MBA Rental School Wraps Up
LAS VEGAS – This year’s MBA Rental School, which wrapped up Thursday, attracted about 60 attendees to the Tuscany Suites.…
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Will RV Lending Take a U-turn?
Credit unions may hit a few bumps with their recreational loan portfolios this year. Loans for RVs tend to form…
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RV News
MBA: Opportunities Remain in Changing RV Rentals Market
LAS VEGAS – The RV rental business continues to be a good one – but rental operators need to adapt…
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RV News
MBA Mourns Officer Slain by Texting Driver
Editor’s Note: This letter from Bert Alanko of MBA Insurance has been edited for clarity and punctuation in accordance with…
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RV News
Priority One Hires Two People to Finance Division
Priority One Financial Services has added Kristopher Dobrowski and Mark Schiller to its equipment finance division. This division is dedicated…
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RV News
AGWS Offering Golf Getaway at NADA
American Guardian Warranty Services (AGWS) will be exhibiting at the 2019 NADA Show from Jan. 24-27 at booth No. 5558N…
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RV News
American Guardian Releases Training Schedule
American Guardian Warranty Services has announced its 2019 AGWS University F&I training schedule. The workshop is designed to provide insights…
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RV News
Priority One Adds Lenders to Process
Priority One Financial Services has added two new lenders to its electronic signature process called EZ-Sign. Priority One was first…
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Marine Lenders Announce New Board
The National Marine Lenders Association has announced the results of the association’s recent election for three board seats and the…
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RV News
Brown & Brown Buys Dealer Assoc.
Brown & Brown of Kentucky Inc., a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Dealer…
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RV News
MBA Insurance Rental School Running Feb. 5-7
MBA Insurance will be holding its 19th Annual RV Rental School from Feb. 5-7 at the Tuscany Hotel and Casino…
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RV News
Ken Hesser of Pettes & Hesser Dies at 73
The RV Dealers Association has informed its members that Ken Hesser, of Pettes & Hesser Insurance, died on Nov. 24.…
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RV News
Flexsteel Partners with Financial Profiles
Flexsteel Industries recently announced that is has retained Financial Profiles as a strategic partner to oversee its investor relations program.…
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RV News
Phoenix American Hires New Regional Sales Manager
Phoenix American recently hired Vince Manning as its South-Central U.S. regional sales manager. Manning is based in Austin, Texas, and will be responsible…
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RV News
BB&T Expands Recreational Lending Nationwide
BB&T Corp. has announced a new strategy for nationwide expansion of its recreational lending for RV and marine vehicles, widening…
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RV News
Braxton Creek RV Partners with Northpoint
Braxton Creek has partnered with Northpoint Commercial Finance for dealer support. The partnership will enable dealers to wholesale floorplan Braxton…
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RV News
EasyCare to Debut RV Prepaid Maintenance Benefit
EasyCare announced the launch of RV Prepaid Maintenance, a new program designed to make routine maintenance easier for RVers and protect them…
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RV News
Huntington Reports 10-Percent Loan Increase
Huntington Bancshares has reported a net income for the 2018 third quarter of $378 million, an increase of 37 percent from…
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Bank OZK’s Q3 Income Decreases 22 Percent Compared to 2017
Bank OZK has announced that the net income for the third quarter of 2018 was $74.2 million, a 22.7 percent…
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RV News
Proposed Tax Code Update to Help RV Financing
Proposed legislation from U.S. Rep. Tom Emmer (R-Minn.) would include the financing of certain trailers and campers in the U.S.…
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Small Business Loans Surpass $30 Billion
The U.S. Small Business Administration’s total loan volume for fiscal 2018 reached more than $30 billion with more than 72,000…
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RV News
Wells Fargo Reports $6 Billion for Third Quarter
Wells Fargo recently reported a net income of $6 billion for its third quarter, compared with $4.5 billion for third…
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RV News
Two Priority One Employees Celebrate 10 Years
Dan Ruskiewicz and Rob Auer of Priority One Financial Services recently celebrated ten years with the company. Ruskiewicz graduated cum…
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