Straw borrowing fraud costs auto lenders $600M annually
Scammers are recruiting people with good credit to sign car loans, then exporting or renting those vehicles without paying lenders. ...
Scammers are recruiting people with good credit to sign car loans, then exporting or renting those vehicles without paying lenders. ...
Capital One in June named Sean McClure its managing vice president and chief counsel for the financial services division. McClure joined Capital One ...
Auto lenders reported a surge in fraud in 2025 as scammers used their real identities and fake documentation generated with ...
Fraudsters are creating fake auto and equipment dealership websites with AI to trick consumers into sending them money. More than ...
Auto lenders and dealerships are adding multilayered prevention tools and closing deals with third-party vendors to fight a surge of ...
Fraud exposure is expected to cost the auto finance industry 8.7% more year over year in 2026, as schemes become ...
Floorplan financiers are facing an increase in fraudulent activity alongside an uptick in risky behavior and poor performance by dealerships. ...
In an elaborate auto scheme, scammers are taking advantage of credit bureau delays to fraudulently finance hundreds of cars and ...