Online lending growth spurs need for heightened fraud-prevention efforts
Enhanced online lending is a natural outgrowth of the COVID-19 pandemic. In the past few months, online lenders have stepped up operations and expanded their digital ...
Tag: PointPredictive
June auto complaints dip at CFPB, but reflect coronavirus hardships
Complaints reported to the CFPB last month totaled 435, down from 442 during the same month in 2019, a drop ...
Auto fraud climbs despite decline in loan applications
Fraudulent auto loan applications have shot up $2 million per month since the beginning of the coronavirus pandemic, despite an ...
![Bubbling Up: The rise of fraud in the COVID-19 economy [Feature]](https://www.autofinancenews.net/wp-content/uploads/2020/05/3.jpg)
Bubbling Up: The rise of fraud in the COVID-19 economy [Feature]
Instances of detectable auto fraud and cybersecurity breaches are likely to bubble up amid declining vehicle sales as the COVID-19 ...
Digital Motors, CarOffer, PointPredictive aid ailing industry
At least three service providers in the auto finance industry are waiving certain fees or subscription costs for lenders and ...
PenFed partners with PointPredictive for fraud protection
PenFed Credit Union is the latest auto lender to join PointPredictive’s auto consortium. The credit union will use the AI-powered ...
Fraud scheme racks up $5.5M in fake loan applications
Last month, 340 auto loan applications totaling $5.5 million were identified as fraudulent due to a scam that involves altering ...
Byrider partners with fraud consortium
Buy-here, pay-here loan provider Byrider is the latest auto lender to partner with PointPredictive, an artificial intelligence fraud prevention platform, the companies ...
