Exeter Finance now is leveraging artificial intelligence from Pagaya Technologies to boost underwriting, funding and working relationships with more than 13,000 dealerships in its financing network that often book non-prime paper. By integrating Pagaya’s AI-driven auto product, which includes access ... [Read More]

It’s literally been a deadly week in the repossession world. American Recovery Association president Vaughn Clemmons recapped in an industry message on Friday that repossession agents were shot and killed in separate incidents in Alabama and California. Clemmons indicated the ... [Read More]

With one automotive economist acknowledging consumers are still feeling “the pinch,” some of the largest businesses in the U.S. now have some optimistic expectations for 2024 fueled in part because interest rates might finally have peaked. The Federal Reserve kept ... [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features some of this year’s honorees among Women in Collections and Recoveries for a conversation led by ... [Read More]

When the current leaders of defi SOLUTIONS decided to add Gestalt Tech to its family of data and service providers, they likely had a pretty good idea of the provider’s capabilities. After all, Gestalt’s chief executive officer is Stephanie Hanson, ... [Read More]

On Wednesday, PAR — OPENLANE’s business unit that oversees asset recoveries, manages cycle times, maximizes returns and reduces risk for banks, captives, credit unions and other auto finance companies — announced the promotion of Jeff Williams to senior director of ... [Read More]

REPAY and AKUVO finalized a partnership this week aimed at improving collections. According to a news release, REPAY’s integration with Aperture, AKUVO’s collections management software, can enable financial institutions to accept digital payments, while utilizing a secure, real-time data exchange ... [Read More]

Editor’s note: Our report now includes comments from the National Independent Automobile Dealers Association (NIADA). The Federal Trade Commission said its newest rule released on Tuesday will prevent “bait-and-switch tactics and hidden junk fees” when consumers purchase vehicles. The FTC ... [Read More]

November typically contains a variety of enticement offerings to get consumers to spend on holiday gifts. Evidently, finance companies didn’t take that approach to stimulate automotive retail activity like what might have happened for electronics or home and personal items. ... [Read More]

Experts see the Federal Reserve leaving interest rates unchanged when policymakers have their last opportunity of the year to make a modification later this week. The expectation comes in part because of rising consumer sentiment, which happens to be going ... [Read More]