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PALM BEACH GARDENS, Fla.–Finova Financial reported it has closed a $52.5 million funding round that will be used to expand what it calls an “industry-first” auto title loan cloud platform that it said “delivers fair lending and social impact.”

As we near the first anniversary of the October 2015 EMV liability shift, in which liability for card present fraudulent transactions shifted to the merchants that have failed to convert to EMV, we have solid analytics to assess its impact.