Charlotte Principato is a financial services analyst at research firm Morning Consult, which recently released a study that examined consumers’ trust in fintech, considering both start-ups and well-established players in financial services. In fact, a segment of the report said, “Jamie Dimon is right to be scared.” To explain what she meant by the reference […] [Read More]

FICO recently made moves to enhance its solution aimed at curtailing a growing fraud trend that’s caught the attention of the Federal Trade Commission (FTC) as well as authorities in the United Kingdom. FICO announced the latest release of the FICO Falcon Fraud Manager model for retail banking, which leverages machine learning to enhance scam […] [Read More]

Kroll Bond Rating Agency (KBRA) highlighted how much federal stimulus money provided a positive bounce for maintaining monthly payments. And according to the firm’s newest report, that bounce is losing its momentum, but the overall market still is solid as analysts said May remittance reports showed auto credit trends remained strong during the April collection […] [Read More]

Like the glory days of UCLA men’s basketball — where the Bruins’ string of consecutive NCAA championships was snapped by N.C. State in the 1974 semifinals, only for UCLA to win it all again the following year — sometimes a streak might end and then pick right back up where it left off.   That […] [Read More]

Ross Automotive Group has sold its Ross Nissan of El Monte to Martin Management Group. The deal was announced in a news release Thursday by Performance Brokerage Services, which represented Ross Automotive Group in the sale.   The group includes three stores in Southern California: Ross Ford of Montebello, Covina Hills Chevrolet and Chevrolet of […] [Read More]

Hertz Global Holdings reached a significant achievement on Thursday, as the company rebounds from pandemic challenges. Hertz announced that a federal bankruptcy court confirmed the company’s plan of reorganization. According to a news release, the plan unimpairs all classes of creditors — who are legally deemed to have accepted it — and was approved by […] [Read More]

Need car, will travel. That’s been the mindset for many recent and prospective car buyers, who have gone or are willing to go the extra mile (or dozens of miles) to find that vehicle, amid shortages in both new and used cars. According to survey data from Cars.com, 9.8% of recent car buyers went to […] [Read More]

Transporting a vehicle can have a lot of moving parts and, well, logistics involved. And new partnership aims to help improve the chain of custody, communications and transparency in that process of moving vehicles. ConditionReports.com has created a new app called “TransportCR” that’s connected to AutoIMS. The tool aims to better capture the transportation inspection […] [Read More]

Just like many of the companies it serves, PassTime is diversifying its portfolio. On Thursday, the provider of asset tracking solutions announced it has formed a partnership with Sky Monitor GPS Americas and managing director Mike Southerland. As a market partner, Sky Monitor GPS will bring PassTime asset tracking solutions to a variety of new […] [Read More]

Canadian Black Book has named a new director of business development. Hired for the role was James Hancock, whose background includes 14 years working with a luxury automaker in Canada and the U.S. Hancock has spent the last eight years working in the areas of residual value risk, lease portfolio management and remarketing off-lease vehicles. […] [Read More]