Last week, SALT and Cion Digital announced a strategic partnership to bring SALT’s crypto financing solutions to more than 5,000 auto dealerships in the U.S. The development marks the launch of SALT’s Embedded Crypto Lending Service, which will enable financial service providers and fintech platforms to rapidly deploy crypto financing solutions. Having launched in 2016, […] [Read More]

Earlier this year, Digital Asset Investment Management (DAIM) and Marino Performance Motors (MPM) highlighted how they’ve been seeing a notable increase in customers wanting to transact in digital assets. Last week, the Jeff Wyler Automotive Family completed its first vehicle sale transaction using cryptocurrency. The transaction took place at its Mercedes-Benz of Fort Mitchell dealership, […] [Read More]

Protective Asset Protection announced just about a month ago that it was set to acquire AUL Corp. to create a conglomerate used by thousands of auto dealers. On Monday, the provider of F&I programs and services signed a national agreement with RumbleOn, a technology-based omnichannel powersports platform. As part of the deal, Protective Asset Protection […] [Read More]

During the past six months, McGlinchey’s consumer financial services compliance team has added eight new attorneys (including two members) in five offices, including Albany, N.Y., Cleveland, Houston, New Orleans and Washington, D.C. According to separate announcements, the newest additions are Amy Greenwood-Field, who has joined the firm as a member (partner) in the Washington, D.C. […] [Read More]

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The National Auto Auction Association is making it easier to connect with arbitration experts. The association said Thursday it has launched the “NAAA Arbitration Policy Troubleshooter,” an online tool designed to provide unbiased, expert guidance when arbitration issues arise. To use the tool, a user types in specific vehicle details, the sale it was sold […] [Read More]

Earlier this month, I noted how retail used vehicle sales in April might be a stage-setter for the remainder of the year. Like many dealers, I was hopeful that sales would take a positive turn — that a shower of sales in mid-to late April might bring flowers in May and beyond. Well, it’s starting […] [Read More]