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Auto lenders brace for rise in synthetic fraud

Amanda Harris by Amanda Harris
December 10, 2020
in Risk Management
Reading Time: 3 mins read
0

Synthetic identity fraud is a growing concern for credit unions that finance auto loans. Auto loans make up a significant part of credit unions' balance sheets. As of June, auto amounted to $360 billion, or 36% of total credit union outstandings, according to recent data from SentiLink, a fintech that identifies and blocks fake identities […]

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Tags: credit unionDigital car-buyingMag LeadersPremiumsentilinksynthetic fraud
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