USAA, Credit Unions Targeted in Fraudulent Auto Loan Scheme | Auto Finance News | Auto Finance News

USAA, Credit Unions Targeted in Fraudulent Auto Loan Scheme

  • Nicole Casperson
  • June 11, 2019
  • Risk

USAA, Navy Federal Credit Union and Pentagon Federal Credit Union were three of nine financial institutions hit with a fake car loan scheme perpetrated by two conspirators. The fraudulent acts racked up more than $2.6 million in auto loans. The scheme was committed from “at least” August 2014 through April 2018, according to court documents […]

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