Federal Reserve announces emergency meeting on auto lending regulations • Click for details

Vehicle Sales

0
- 0 %

AFN Composite Index

0

-0.8%

Inventory Index

0
- 0 %

SOFR (WoW)

0
- 0 .5%

New-vehicle APR 60 Mos.

0
- 0 bps

AI accelerating auto synthetic identity fraud

1 in 5 paystubs Mountain America Credit Union sees are fake

Scammers are fraudulently taking out more auto loans through a simple AI prompt that can create fake identification and paystubs. AI-generated selfies, videos and driver licenses are being used to fraudulently open accounts and get approvals for auto loans at Mountain America Credit Union, Vice President and Enterprise Head of Fraud Subhi Salim told Auto […]

Already subscribed? Log in

Related Posts

Bank of America consumer vehicle net charge-offs tick down

Amanda Harris

CarMax Auto Finance originations down 1.5%

David Thompson

Wells Fargo Auto originations soar 110% YoY

David Thompson

Chase Auto originations down 3% YoY

David Thompson

Subscribe To Our Email Newsletter

Join industry professionals who start their day with our curated auto finance news.

* indicates required

By clicking submit below, you consent to allow Auto Finance News (Royal Media Group) to store and process the personal information submitted above to provide you the content requested.

For more information please visit www.royalmedia.com/legal.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices.

Sponsored

Tesla announces new fleet financing program

EV Finance