Klarna to appear on Apple Pay for instore payments
Klarna is to provide Apple Pay users with access to BNPL loans at instore checkouts in the UK and US.
North American RV registrations down 5.6% in May
Retail RV sales and shipments dropped in May, while used vehicles saw increased demand amid pricing concerns. North American retail…
Fed’s preferred inflation metric cools while spending rebounds
The Federal Reserve’s preferred gauge of underlying inflation cooled last month while household spending rebounded. The so-called core personal consumption…
Nato nations to launch Defence, Security and Resilience Bank
Following a recent commitment by Nato countries to invest 5% of their GDP to defence, global banks are backing a new bank that is being set up to support Nato countries and their allies finance their defence needs.
Under the Hood: The need for an auto finance reboot
Consumers are backing away from home purchases, in part because they have too much money tied up in auto loans. …
Emirates NBD’s Liv explores real-world asset tokenisation
Emirates NBD’s digital offshoot Liv is working with B2B alternative asset solutions provider Ctrl Alt to explore the tokenisation of real-world assets.
Lawyers weigh $1B cost of CARS Rule as oral arguments begin
Lawyers expect wide-ranging implications from the National Automobile Dealers Association’s legal challenge to the Federal Trade Commission’s Combating Auto Retail…
MS Azure outage raises questions over cloud dependencies
The spotlight has once again been shone on the prominent role played by a small number of cloud computing providers after an outage suffered by Microsoft’s Azure platform
Credit Acceptance details CEO transition from Booth to Hegde
What’s “been the honor of my career” is winding down for Credit Acceptance’s Kenneth Booth. The subprime auto finance company announced on Tuesday that Booth, who is CEO and president and a member of the company’s board of directors, will … [Read More]
French wealth management startup Ramify raises €11m
French wealth management and financial advisory platform Ramify has raised €11 million in a Series A funding round joined by Crédit Agricole.
TransUnion & Datos Insights examine communications & other elements influencing third-party collections
TransUnion and Datos Insights took an extensive look into third-party collections on all fronts, uncovering the depth professionals are trying to communicate with debtors nowadays. Researchers found nearly all third-party collections companies (98%) use letters to reach consumers. However, TransUnion … [Read More]
StoneEagle reveals CTO transition
Last week, StoneEagle announced the transition of its chief technology officer, as Gary Peek will take on the role from Chris Tynes, who has been with the provider of F&I and service metrics reporting, menu sales tools, an F&I product … [Read More]
New York AG settles with 5 Nissan stores over end-of-lease infractions
Big Apple authorities determined end-of-lease transactions did not go as designed during a three-year period amid the pandemic. New York attorney general Letitia James last week announced settlements worth more than $1.9 million with five Nissan dealerships in New York … [Read More]
Citi digital asset co-heads quit for new venture
The co-heads of digital assets at Citi have both announced that they are leaving the bank to start a new venture in the crypto space.
ANZ staff learn of their dismissal in botched email
Senior staff in the retail division of ANZ learned of their forthcoming redundancy when they received an automated e-mail asking them to return their work laptops, before they had received any formal exit notice.