Tag: auto fraud

Most early payment default cases, in which the borrower stops paying within the first six months, include fraudulent information on ...

Coverage from the Auto Finance Summit East 2023 conference continued last week as the industry prepares for a potential downturn ...

A rise in traditional identity theft schemes contributed to $8 billion of auto fraud exposure in 2022, driven also by ...

Identity theft is plaguing car dealerships, contributing to more than $8.8 million in vehicle fraud investigations in 2022 by the ...

Lenders spend countless hours manually verifying loan applicants’ information — specifically, income, residence, employment and proof of insurance. In addition ...

Each month, the Auto Finance News team dives deeply into topics currently affecting the auto finance industry. This year was ...

Automotive manufacturers and lenders have made strides in automation, vehicle delivery options, online shopping and faster loan decisions, but those ...

Subprime lender MidAtlantic Finance Company is analyzing its defaults to identify borrowers misrepresenting their employment and income information, a problem ...