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Falsified income, employment and identities have caused credit unions to lose millions to fraud in the past three years. Credit unions have lost an estimated $1.2 billion tied to auto lending fraud since 2022, according to Point Predictive. They are also seeing higher rates of fraud compared to other lenders, according to Financial Crimes Enforcement […]
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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
