Tag: auto fraud

Scammers are using AI to copy dealer websites, stealing from consumers and hurting dealer reputations. At least 117 scam dealership ...

Scammers are recruiting people with good credit to sign car loans, then exporting or renting those vehicles without paying lenders. ...

Santander Consumer USA’s $2 million-plus lawsuit against dealership Crown Dodge is the latest example of increased scrutiny on lenders’ dealer ...

Emboldened by social media guides and AI, scammers are misrepresenting their income or credit performance when committing auto finance fraud ...

Fraud is not getting easier to catch; it's getting easier to commit. I recently joined Gaurav Goyal, head of auto originations strategy and analytics at Wells Fargo, for ...

Fraudsters are using AI to fabricate income statements and proof of residence, exacerbating fraud risk as dealerships adopt online channels, Gaurav Goyal, head of auto originations strategy and ...

IRVING, Texas — Synthetic identity fraud made up 12% of total auto fraud losses in the second quarter as scammers turn to agentic AI and online ...

One of the most common questions lenders ask today is how to confidently evaluate self-employed income as the gig economy continues to ...