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While loan servicers are eyeing AI to make collection calls cheaper and faster, a recent study suggests non-human debt collectors may struggle getting borrowers to cough up cash. The collections industry is still slow to adopt generative, large language AI models like ChatGPT, Tim Collins, member of the Association of Credit and Collection Professionals, told […]
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Auto lender Arivo Acceptance wanted to develop new software faster, so it enlisted a group mainly comprised of interns with...
Extra-long car loans can lower consumers’ monthly payments, but they also keep dealers from selling vehicles to those customers for...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk...
Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based...
David Thompson
David Thompson
David Thompson
