fraud | Auto Finance News | Auto Finance News

PointPredictive Designs Fraud Tool to Expose Application Risk

PointPredictive, a developer of anti-fraud software, has launched a program that tells lenders not only which loan applications are risky, but why they're risky. Auto Fraud Alert, which launched Tuesday, exposes potential fraud attributes directly to the lender, Chief Strategist Frank McKenna said. “A lot of times lenders were in the dark about what kind of […]

GM Financial Joins Startup Blockchain Network for Fraud Prevention

General Motors Financial Co. is turning to blockchain technology from Spring Labs to strengthen fraud prevention and detection capabilities. Spring Labs, which counts GM Financial as its “cornerstone partner” in the auto finance space, is building a blockchain-based network of finance and technology companies, company Founder and Chief Executive Adam Jiwan told Auto Finance News. […]

Call for Speakers: AFN Scouts Speakers for Auto Finance Risk Summit

The Auto Finance Risk Summit — the established industry event for education and networking focused on best practices in risk management — is searching for senior leaders in auto finance to join the speaker roster. Help shape our agenda for the 12th annual Auto Finance Risk Summit to be held at the Omni San Diego on May […]
  • Nicole Casperson
  • February 13, 2019
  • Risk

Biometrics, Behavior Trends Shield Lenders From Online Fraud, Experian Says

As financing moves increasingly onto the digital stage, one fraud expert urged auto lenders to leverage more data and analytics beyond the common credit data and ID verification tactics used today. Experian’s Senior Fraud Solutions Consultant Chris Ryan said auto lenders are particularly vulnerable to the use of synthetic identities, which he noted is on […]

Auto Finance Risk Summit to Examine Top Strategies for Risk Management

The auto finance market today has thrown a curveball at lenders with rising interest rates, slipping new-vehicle sales, uncertain regulations, and mounting dealership fraud. The 12th annual Auto Finance Risk Summit will delve into these issues and others of top concern for lenders. Auto Finance Risk Summit participants will gain insights on fraud risk, learn […]
  • Nicole Casperson
  • January 16, 2019
  • Risk

Massachusetts AG Slaps Lender With $700,000 Fine for Deceptive Practices

Massachusetts Attorney General Maura Healey has ordered Sensible Auto Lending LLC to pay $733,925 to resolve allegations it knowingly facilitated the sale of defective vehicles by certain used-car dealerships. The Danbury, Conn.-based auto lender agreed to provide relief for consumers who were “cheated” by F&R Auto Sales Inc. and three other Massachusetts dealerships from August […]

Capital One Auto Finance Sues Missouri Dealership for Fraud

Capital One Auto Finance filed a lawsuit against Cape Girardeau, Mo.-based Coad Toyota claiming $619,690 in damages for allegedly misrepresenting facts about vehicles sold and falsifying down payments and sales tax in 34 instances, according to court documents filed Dec. 21, 2018. In one example cited in the lawsuit, the dealership allegedly supplied information to […]
Page 1 of 212