Tag: auto fraud

For decades, customer interviews were considered a best practice for validating income, confirming employment, and uncovering risk. They became part ...

Auto lenders and dealerships are adding multilayered prevention tools and closing deals with third-party vendors to fight a surge of ...

Auto dealers are reporting more fraud-related loan defaults as the auto finance industry sees synthetic fraud and fraudulent documents surge. ...

Fraud does not announce itself at origination.  Sometimes it surfaces later, through charge-offs, early payment defaults and losses that suddenly hit the profit and loss ...

Fraud exposure is expected to cost the auto finance industry 8.7% more year over year in 2026, as schemes become ...

Gaps in data verification likely contributed to missed double-pledging of assets at Tricolor Auto, prompting changes at rating agencies, Larry Chiavaro, president at his consulting company LC Advisors Group, told Auto Finance News during ...

US prosecutors charged the founder of bankrupt subprime auto lender Tricolor Holdings with conspiring to defraud lenders and investors, in ...

The discovery of a sophisticated fraud pattern involving the deliberate reuse of residence documents across multiple auto loan applications highlights ...