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Landmark Point Predictive Fraud Study Details Record Year for Auto Loan Fraud in 2020
April 15, 2021 GMT
US Auto Loan Fraud Reaches $7.3 Billion in 2020 (Graphic: Business Wire)
SAN DIEGO (BUSINESS WIRE) Apr 15, 2021
Point Predictive Inc., the San Diego-based artificial intelligence and data science company that helps lenders predict the trustworthiness of loan application information, published research detailing increased levels of attempted loan fraud in 2020, which the company believes could continue through 2021.
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US Auto Loan Fraud Reaches $7.3 Billion in 2020 (Graphic: Business Wire)
The company’s Auto Fraud Report is the auto finance industry’s most comprehensive annual assessment of application fraud risk. The 2020 edition includes unique insights about income and employment misrepresentation, identity fraud, and collateral fraud for US auto lenders, as wel