UPDATE: Cox Automotive has updated its reporting of November used-car sales figures, based on registration data not previously available.  The company now estimates there were a shade under 3 million total used vehicles sold in November, which beat year-ago figures by 3%. The total used-car SAAR was projected at … [Read More]

After rolling out in the Northwest earlier this year, Free2move brought its car sharing services to the Lone Star State on Wednesday. The company added Austin, Texas, to its list of mobility hubs. Austin residents already can see the Free2move fleet of 100 Jeep Renegade vehicles parked on the city streets. And as of Wednesday, […] [Read More]

Delinquencies and losses should be the canary in the coal mine for performance trends, but they can also wag the dog, drawing attention away from looming issues. In subprime lending, borrowers could demonstrate the first indications of trouble for the economy at large, as economic issues tend to impact them first. Now, as auto loan […] [Read More]

Truist Financial, through its Dealer Finance and Regional Acceptance business groups, announced a partnership with AutoFi. Under the agreement announced on Wednesday, financing options will be available to clients who are shopping for a vehicle through a dealer that partners with Truist or Regional Acceptance as well as the AutoFi platform. The companies said this […] [Read More]

The week, Constant, a provider of digitized, self-service technologies for collections and other back-end activities at credit unions and finance companies, announced the appointment of Sunil Panikkath as its new chief technology officer. Constant said that Panikkath will oversee all innovation and technology activities, as the company continues to expand in the financial institution space.  […] [Read More]

With so many help-wanted signs visible at businesses nowadays, DriveItAway wants to be a part of the transportation solution for both employers and workers — especially individuals with soft credit histories or without significant funds for a down payment. On Wednesday, the mobility platform with its subscription-to-purchase technology for dealers, announced its newest program for […] [Read More]

TransUnion announced that it has completed the $638 million acquisition of Sontiq, a leader in digital identity protection and security. TransUnion highlighted that Sontiq provides solutions including identity monitoring, restoration, and response products and services to empower consumers and businesses to proactively protect against identity theft and cyber threats. The credit bureau also mentioned Sontiq’s […] [Read More]

A recent study commissioned by RiskScreen, a provider of onboarding, screening and in-life monitoring technology, found two-thirds of compliance professionals at banks rely on manual processes for performing know-your-customer checks. Despite 70% of respondents agreeing that the pandemic has accelerated digital transformation in the banking sector, the study also indicated that more than half of […] [Read More]

Alfa, creator of the asset finance software platform Alfa Systems, has announced a successful project completion with PEAC Finance. Completed in July, the project delivered an Alfa Systems upgrade alongside the implementation of new business for the Barclays Asset Finance operation, acquired by PEAC in June. The company indicated that the upgrade to Alfa Systems […] [Read More]

A new report by TransUnion and Aite-Novarica Group explored how significantly the collections industry is changing. The report found that the collections industry is boosting hiring and technology investments as it transitions into a “next normal” stage. [Read More]