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Home » VW Credit: Training key to catching fake ID fraud

VW Credit: Training key to catching fake ID fraud

The lender trains its originations and collections teams to identify fraud

Amanda HarrisbyAmanda Harris
October 4, 2022
in Risk Management
Reading Time: 3 mins read
0
The badge of a Volkswagen ID Buzz electric microbus at the Volkswagen AG (VW) multipurpose and commercial vehicle plant in Hannover, Germany, on Thursday, June 16, 2022. Europe's biggest automaker is set to become the world's biggest electric-car maker, inching past rival Tesla Inc. by 2024, according to Bloomberg Intelligence.

Photographer: Alex Kraus/Bloomberg

VW Credit has implemented training for its credit and collections teams in response to an uptick in auto loan fraud tied to fraudulent income and employment information that last year alone cost auto lenders nearly $5 billion. The Herndon, Va.-based lender holds quarterly trainings for its originations team, while tenured credit personnel meet every other […]

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Tags: auto fraudmanagementPremiumtrainingVW Credit
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