A global examination of fraud by Sumsub showed how much of a worldwide problem it really is. Sumsub recently released its Identity Fraud Report 2025-2026, analyzing millions of verification checks and more than 4 million fraud attempts between 2024-2025. The study blends global and regional dynamics from internal data with findings from Sumsub’s Fraud Exposure […] [Read More]

As technology evolves, the cash component of credit underwriting continues to be a key part of development by service providers. Not long after Experian rolled out its latest tool with a cash connection, FICO recently announced a strategic partnership with Plaid, a leading financial data network, to deliver the next generation of the cash flow […] [Read More]

Perhaps compliance departments at auto lenders and other companies involved in financial services had something extra to be thankful for last week. Just ahead of Thanksgiving, the Consumer Financial Protection Bureau made significant changes to how its supervision division conducts exams, sharing what the regulator called a “humility pledge.” Using strong words to introduce the […] [Read More]

AutoPayPlus by US Equity Advantage continued its recent string of moves by announcing the appointment of Steven Weir as agency development manager. In this role, the automated financial concierge service said Weir will be responsible for building and supporting strong agency relationships, driving growth through collaboration and performance, and providing hands-on training to help agency […] [Read More]

The holiday buying season has officially begun with the traditional Black Friday sales. But is the busiest shopping day of the year really the best time to buy a used car? Well, no, according to the latest research from iSeeCars. The automotive search engine and research website analyzed more than 40 million used-car sales transactions […] [Read More]

Along with making donations to local food banks and pantries in the Feeding America network, Weltman, Weinberg & Reis Co., added to its stable of legal professionals at its Chicago office. This month, the firm welcomed five new attorneys: Tresina Dickens, Cristopher Nolan, Justin Haddad, Cory Hildebrandt and Elliott Wall. The new hires and philanthropy […] [Read More]

Perhaps consignors shouldn’t overreact to softening wholesale prices and volume either remaining steady or maybe even rising a bit in certain lanes and locations. Black Book reported on Tuesday that overall wholesale prices dipped 0.86% last week with the auction conversion rate steady at 56%, “reflecting continued buyer selectivity and firm floors.” Analysts added in […] [Read More]

It was arguably the biggest development in auto retail technology this autumn. Maybe the entire year. TrueCar announced in mid-October that founder and former CEO Scott Painter is leading a group that plans to acquire the automotive digital marketplace. Upon close, Painter, who stepped down as  CEO in 2015, will return as TrueCar’s CEO. But not […] [Read More]

Artificial intelligence hasn’t taken over the car-shopping process yet, but a survey by Cars.com shows it is making inroads. The vehicle-shopping marketplace’s AI in Car Shopping Consumer Survey, conducted in early November among 936 in-market shoppers and recent vehicle buyers, found 44% of the respondents used AI-powered search tools on third-party sites to shop for […] [Read More]

CarMax is ready to go the extra mile to acquire inventory. All the way to the seller’s front door. The national used-car retailer is now offering at-home pickup service, allowing consumers nationwide to sell their vehicle without leaving their home or office. The company also introduced Offer Watch, a new tool that helps customers track […] [Read More]