Saying “just text it to me,” might be OK when asking for something harmless from a friend or family member. But asking potential vehicle buyers to send non-public information (NPI) over text messages, emails and other insecure methods to dealership ... [Read More]

Solutions by Text (SBT) announced highlights of its upcoming conference focused on accelerating revenue through the convergence of real time payments within rich messaging experiences, preparing finance companies for 2024 regulatory changes and more. Its FinText Conference also includes leading ... [Read More]

Westlake Financial recently shared how much the finance company is using artificial intelligence and machine learning nowadays. According to a news release, Westlake’s proprietary AI and ML tool, Visorbot, computes 800,000 applications per day. In a single month, Westlake said ... [Read More]

The Federal Reserve raised interest rates another 25 basis points this week to leave the federal funds rate at 5.25-5.5%. But two leading automotive economists as well as another top industry analyst remain hopeful on two important fronts for dealerships ... [Read More]

Automotive Personnel founder Don Jasensky paid another visit to be on the Auto Remarketing Podcast for a discussion about the employment front. Jasensky shared his perspectives with Cherokee Media Group’s Nick Zulovich about which departments finance companies are looking to ... [Read More]

PassTime might not have a badge, but the GPS solutions provider was recently involved in a pair of incidents where the company provided crucial assistance to law enforcement. Through a post on its website and another on social media, PassTime ... [Read More]

Experian senior director of automotive financial solutions Melinda Zabritski came back for another visit on the Auto Remarketing Podcast. Cherokee Media Group’s Nick Zulovich asked Zabritski if auto finance data is “normal” again after pandemic anomalies. Listen to Zabritski’s intriguing ... [Read More]

Consumer Portfolio Services chief operating officer Mike Lavin explained why PayNearMe now being natively integrated with the Cash App Pay is good for the subprime auto finance company. “The addition of Cash App Pay will give our customers even more ... [Read More]

The Federal Reserve is doing more than adjusting interest rates nowadays. On Thursday, the Fed announced that its new system for instant payments, the FedNow Service, is now live. Officials said banks and credit unions of all sizes can sign ... [Read More]

It might ease concerns from finance companies to see watchers of credit performance and defaults observe seasonal movements, according to the newest updates released this week. The auto portion of the S&P/Experian Consumer Credit Default Indices generated just a 1 ... [Read More]