Coinbase donates $25m to crypto super PAC
Coinbase has become the second firm in a week to donate $25 million into Fairshake, a federal super political action committee (PAC) backing pro-crypto candidates during the 2024 US elections.
SEC launches AI task force
The US Securities and Exchange Commission has launched an AI task force to spearhead the agency’s efforts to embed artificial intelligence into its operations.
New EasyCare VSC covers technology, electronic components & safety systems
EasyCare wants to help your dealership customers feel more confident about taking delivery of that vehicle that has some of the latest technology available. On Monday, the APCO Holdings brand introduced TechCare, a new vehicle service contract (VSC) designed exclusively … [Read More]
Crypto wallet MetaMask launches native stablecoin
Self-custodial crypto wallet MetaMask is launching its own native stablecoin, which will be issued by Stripe-owned Bridge.
PODCAST: Discussion with the Women in Collections & Recoveries honorees
This special episode of the Auto Remarketing Podcast was recorded during Used Car Week and features the Women in Collections & Recoveries honorees who were able to make the trip to San Diego in November. The panel discussion moderated by … [Read More]
Fed’s favorite inflation gauge picks up, in line with forecasts
The Federal Reserve’s preferred measure of underlying inflation accelerated in October from a year ago, helping explain policymakers’ more cautious…
What keeps 6 chief risk officers up at night
Technology-driven financial fraud is escalating rapidly, keeping FIs on their toes. (Courtesy/Canva Dream Lab) Bank Automation News, an Auto Finance…
US inflation broadly cools, bolstering case for Fed rate cut
US inflation cooled broadly in June, driven by a long-awaited slowdown in housing costs and providing another dose of confidence…
4 new qualms CFPB has with ‘unlawful junk fees’ in auto financing
Last week, the Consumer Financial Protection Bureau articulated four ways “unlawful junk fees” are happening in auto financing. The bureau shared the details in a special edition of its Supervisory Highlights. The CFPB said during auto servicing examinations that bureau … [Read More]
HSBC and Juspay team on full-stack acquiring platform
HSBC has formed a partnership with payment orchestration platform Juspay to launch an acquiring platform tailored to the needs of digital-first, global merchants.
Open data will catalyse the UK’s progress to net-zero
Data sharing is key to designing financial instruments and creating demonstrable Net Zero results, noted Gavin Starks, CEO of Icebreaker One, in a FinextraTV interview.
Canada to hit China with tariffs on electric vehicles, steel
Canada will impose new tariffs on Chinese-made electric vehicles, aluminum and steel, lining up behind western allies and taking steps…
Revolut links risky behaviour to staff bonuses
Revolut has expanded an internal ‘Karma’ system that tracks how employees follow risk and compliance processes, linking their behaviour to their bonuses.
Axis Auto sells remaining business for $78M
Axis Auto Finance has been sold for $78 million after the company said in February that it was exploring a…
Citi and Wells Fargo invest in credit infrastructure startup Setpoint
Citi and Wells Fargo have joined a $31 million Series B funding round for Setpoint, an infrastructure provider that streamlines transactions for the credit industry.