Memphis fastest growing area for synthetic identify fraud
Memphis, Tenn., became the fastest-growing area for synthetic identity fraud in 2023, as fraudsters advertised it on social media in ...
Tag: auto fraud
Auto finance fraud exposure slips to $7.9B in 2023
Synthetic identity fraud contributed to an estimated $7.9 billion in fraud exposure across the auto finance industry in 2023, fueled ...
Editor’s pick: Top features of 2023
Auto lenders may have slowed loan production in 2023, but they were busy. From fighting new forms of fraud to ...
Podcast: ‘Weekly Wrap’ on used vehicles, fraud, capital markets
Credit unions have tapped into the auto asset-backed securities market to raise capital amid liquidity concerns, while used-vehicle values inched ...
CFPB proposes $2.7B settlement against credit repair providers
The number of consumer credit disputes sent to auto lenders may decrease as the Consumer Financial Protection Bureau cracks down ...
Back from the dead: Zombie debt schemes leverage charged-off auto debt
An emerging fraud scheme is attempting to give long-charged-off debt new life in the form of fraudulently boosted credit scores. ...
Lenders should implement these 2 technologies now
SAN FRANSISCO — Regulatory technology and fraud prevention are two areas that financial institutions should be investing in now to ...
JPMorgan using AI to combat financial crimes
SAN FRANCISCO — JPMorgan Chase is investing in artificial intelligence to combat fraud and financial crimes as the $2.5 trillion ...
