Synthetic identity: when the borrower doesn’t exist
The application looks real and that is the problem. Synthetic identity fraud is one of the most damaging schemes in auto lending ...
The application looks real and that is the problem. Synthetic identity fraud is one of the most damaging schemes in auto lending ...
AI could exacerbate already record-high auto finance fraud, prompting lenders to lean on real-time prevention tools and require greater scrutiny ...
While auto lenders can’t predict the future, capital stress testing can help identify how macroeconomic scenarios may trigger losses. Stress testing varies across auto lending and asset-backed ...
Pagaya Technologies closed its largest-ever auto asset-backed securitization transaction on May 26 after the deal was upsized. The $600 million nonprime auto ABS deal was ...
National auto loan interest rates on new and used vehicles dropped year over year in May despite projections that the ...
As investors look to pour more money into the auto finance sector, lenders must carefully consider the type of investor ...
Alternative asset management firm Bayview Asset Management in the past five years has purchased about $25 billion in auto collateral through bulk ...
Double-pledging of loan collateral is not isolated to subprime lender Tricolor’s alleged fraud. Tricolor was not the first portfolio Vervent ...