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DRN began conducting migration studies in March as the COVID-19 pandemic began to prompt stay-at-home orders and business shutdowns across the U.S. Our findings confirmed that fewer cars have been on the road and many people have relocated, either for jobs, financial reasons, to move away from COVID “hotspots,” or to shelter-in-place closer to family […]

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DRN’s Jeremiah Wheeler, EVP and General Manager, joined a recent discussion on the Auto Remarketing Podcast. Jeremiah provided perspective on how the COVID-19 pandemic has affected location data gathering and how DRN had to quickly shift its strategy and processes to maintain the volume of data needed to meet ongoing public safety and other needs. […]

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  COVID-19 has had significant impacts on every individual, family and business across the U.S. and beyond. It’s also created some trends among consumers that are useful for insurers to understand:  Job loss has caused many people to relocate, either to find work in another location, move to a less expensive home or neighborhood, or […]

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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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DRN hosted a webinar in April to share perspectives from the vehicle finance industry about how the current COVID-19 environment is changing how they do business.  We heard from Jan Stieger, Executive Director of the Receivables Management Association International (RMA Intl.), a receivables trade association. Jan discussed that the COVID-19 pandemic has created a need […]

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Did you know that the term “light-bulb moment” is listed in the Oxford Dictionary? The term is defined as: A moment of sudden realization, enlightenment, or inspiration. And just recently, while attending the Collections and Recovery Solutions conference, we visited with a lender that had one such moment. As we have talked with people at […]

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The Facts Don’t Lie Like most B2B businesses, DRN solves problems for our customers. And by solving these problems, we do more than just drive revenue and results, we create a bigger impact. That impact touches anyone that drives a car and has an insurance policy. Our data and analytics mitigate risk for auto lenders […]

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FORT WORTH, TX 04/12/2016 – Digital Recognition Network (DRN) (www.drndata.com) announced today that the company has entered into a settlement agreement to resolve the litigation accusing Four Repossession Agencies (Agents) of breaching their license agreements with DRN, misappropriating DRN’s trade secrets, and violating the Federal Computer Fraud and Abuse Act and Texas’ Harmful Access by […]

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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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Starter Interrupters.  A Real Non-Starter.  The earliest patent I could find for a starter interrupter device was filed on June 30, 1995. They have since grown in popularity to become a necessity for some sub-prime lenders granting loans below a certain credit threshold. Yet, in the 20 years since their conception, the view of starter […]

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