Weekly Wrap: Cryptocurrency 101 for auto lenders, and asset recovery

Crypto due to enter auto finance market by yearend

© Can Stock Photo / peshkov

Last week’s look at the asset recovery industry showed that repossession companies have yet to see repo volume return to pre-pandemic levels. Volume currently sits at about 50% of pre-COVID levels, largely driven by Q1 government stimulus and extra capital from tax season. Repo companies are understaffed and have limited hiring prospects; there is concern […]

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