Tag: fraud

Fraud in auto lending is evolving quickly and so are the conversations around how lenders should respond.  As synthetic identities, ...

ATLANTA — Powersports lender ThunderRoad Financial is adding capabilities to its dealer interface to improve financing processes and mitigate rising fraud.  “We’re taking feedback from car dealers and are building on ...

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 ...

Auto finance fraud is becoming more sophisticated as organized crime rings use AI, synthetic identities and coordinated applications to target ...

Nearly every discussion about auto finance performance eventually includes a conversation about fraud. Whether the focus is identity verification, customer ...

Score doesn't tell the whole story; that is the problem.  In auto lending, bust-out fraud is one of the most expensive schemes lenders encounter ...

Luxury vehicle dealerships are fighting a rapidly growing scam in which fraudsters impersonate delivery companies to steal vehicles. Kalamazoo, Mich.-based ...

Additional screening and disclosures have been put in place on the Consumer Financial Protection Bureau’s database due to a significant increase in the number of ...