Combating ID fraud: Five steps to prevention
Consumers providing false identification information, including employment and income, is a type of fraud that is costing auto lenders billions ...
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VW Credit: Training key to catching fake ID fraud
VW Credit has implemented training for its credit and collections teams in response to an uptick in auto loan fraud ...
Listen: Dialing up fraud
For the last two months, the Auto Finance News editorial team has been investigating income and employment loan fraud and ...
Ally Financial uses RPA, AI to combat synthetic identity fraud
SEATTLE — Ally Financial is using robotic process automation (RPA) and artificial intelligence (AI) to identify the fraudulent paystubs commonly ...
Under the Hood: Latest fraud scheme raises questions about lender vetting
An Albuquerque man was slapped with a five-year jail sentence last month for conning seven credit unions and three banks ...
Pandemic assistance linked to auto loan fraud in Chicago
Fraudulent activity tied to pandemic-spurred government assistance programs has contributed to a rise in transactions using false identities that is ...
4 ways auto lenders can limit fraud risk
Auto lenders must reshape their risk management strategies to mitigate fraud losses as costs related to employment fraud, income misrepresentation ...
Fintechs zero in on fraud prevention
SAN FRANCISCO — Fraud risk fintechs are attracting investors as companies lean into the digitization of loan applications, approvals and ...
