Auto lenders use AI, machine learning to track borrower habits
Auto lenders are eyeing automated tools and AI for information on borrowers’ habits and repayment history. Tysons, Va.-based PenFed Credit ...
Tag: PenFed Credit Union
Auto fraud losses 21 times larger than credit card losses
The auto industry continues to lose millions through synthetic identity auto fraud, as fraudsters cobble together real and fake identities. ...
Auto refinance volume up 69.1% YoY in Q2
Sustained affordability concerns and stabilized interest rates led to a surge in auto refinance volume in the second quarter. Refinance ...
PenFed’s Kleczynski joins Auto Finance Summit 2025Â
Auto Finance News is pleased to announce that Chris Kleczynski, head of auto lending product strategy at PenFed Credit Union, ...
Credit unions ‘cautiously optimistic’ on auto growthÂ
Credit unions are cautiously optimistic as auto portfolios grow, but inflationary pressures, tariffs and tightened standards are expected to dampen ...
‘Bust out’ auto fraud schemes lead to millions in losses
In an elaborate auto scheme, scammers are taking advantage of credit bureau delays to fraudulently finance hundreds of cars and ...
