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An emerging fraud scheme is attempting to give long-charged-off debt new life in the form of fraudulently boosted credit scores. So-called “zombie debt” reassignment is a scheme in which fraudsters look to assign charged-off debt to new consumers after reporting the debt as “fully paid,” according to risk management platform Point Predictive. The debt […]
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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
