Loan Fraud and Defaults Top Lenders’ Concerns

Point Predictive fraud survey finds auto lenders fear worsening economic conditions will fuel a surge in fraudulent practices.
Point Predictive fraud survey finds auto lenders fear worsening economic conditions will fuel a surge in fraudulent practices.
A Michigan Court of Claims judge has denied Carvana's request for a temporary restraining order against Michigan Secretary of State Jocelyn Benson for suspending its Novi dealership operations.
In the U.S., 2021 marked the end of government stimulus programs and pandemic related lockdowns. It also marked the beginning of a new era in fraud.
Businesses involved in the automotive industry are realizing there is no single-source tactic to fraud prevention and are taking important steps to cover all possible bases to thwart the rising threat of fraudulent activity.
Point Predictive reports lenders saw record levels of fraud in the past year. Learn how to spot the red flags of fraud to reduce its affects.
These scams and schemes could impact any dealership’s profits and put their reputations with lenders on the line.
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