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  COVID-19 has created a unique situation for DRN and our lenders. With communities nationwide in various stages of shutdown, businesses closed, and many people working from home or – unfortunately – unable to work, there are fewer cars on the road and more staying parked at home. This has enhanced DRN’s ability to locate […]

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Several DRN leaders participated in the AFSA Vehicle Finance Conference and Expo earlier this month in Las Vegas. The event hosted more than 250 members of the auto finance industry, from lenders to auto executives to technology providers. Presenters discussed the latest business trends and innovations in auto finance, as well as changing consumer demands […]

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Diversify your portfolio with auto debt using vehicle location data for collectability. By Stephen Nethery Auto debt doesn’t rank high on most Debt Buyers scorecards. But what many don’t realize is that they may be missing out on collectable portfolios that can drive results and revenue. Why does auto debt get a bum rap? Here’s […]

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Flat-Rate Vehicle Location Data Helps You Prevent CFPB Fines. The CFPB (Consumer Financial Protection Bureau) is cracking down on Disparate Treatment and Disparate Impact and here’s the rub: you can get into hot water even if the disparate treatment or impact is unintentional. In simplistic terms, the CFPB is saying lenders must treat their customers […]

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Attention Auto Lenders: Use ROI to drive data investments and reduce charge-offs. In our last blog we talked about John’s loan and the power of new vehicle location data insights in collections. We learned how using LPR data early in the collections cycle provides valuable insights to help prevent charge-off losses. Sounds great, right? But […]

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