Fraudulent auto loan applications have shot up $2 million per month since the beginning of the coronavirus pandemic, despite an overall decline in applications, according to PointPredictive. “People are more desperate now than they’ve been in a long time,” said Frank McKenna, chief strategist at the risk management company. “They’re out of a job, dealerships […]
Get Auto Finance News Premium for as low as $8 per week!
Start your free one week trial today for access to the latest industry news and trends.