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Auto lenders must reshape their risk management strategies to mitigate fraud losses as costs related to employment fraud, income misrepresentation and use of synthetic identities continue to rise. In fact, auto fraud contributed to more than $7.7 billion in losses in 2021, according to risk management platform Point Predictive’s 2022 Auto Fraud Trends Report. Still, […]
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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
