AI Hype, Fraud Reality, and the Fixes That Actually Work
A Fireside Chat with GDS Link and Point Predictive Fraud is evolving,and fast. Fueled by accessible AI tools, fraud rings are scaling synthetic identities, manipulating income documentation, and washing credit reports with alarming ease. At the same time, lenders are under pressure to detect and prevent these threats without slowing down approvals for legitimate borrowers. […]
Building a Dealership Identity Theft Prevention Program That Works
With the FTC’s Red Flags Rule in full effect, multi-location dealership groups need more than a policy document. They need a living, operational Identity Theft Prevention Program (ITPP) that can scale across rooftops. Here’s how to build one that doesn’t just meet regulatory requirements, but actually helps you prevent costly buybacks and reduce operational expense: […]
‘Red Flag Rule’ Compliance for Auto Dealers
Smarter, Scalable Fraud Prevention for Dealer Groups For large auto dealership groups, complying with the Red Flags Rule is more than a regulatory requirement, it’s an operational necessity. With high application volume and complex sales processes across hundreds of rooftops, these organizations need a scalable way to detect identity theft and misrepresentation before deals move […]
Delinquencies and Charge-Offs Soar at Credit Unions
An Unprecedented Rise in Risk Metrics Signals Trouble Ahead Credit unions with assets over $1 billion are facing a concerning reality: delinquency rates and charge-offs have not only returned to pre-pandemic levels but have quickly surpassed decade-long highs. Our analysis of quarterly call reports submitted to the National Credit Union Administration (NCUA) from 452 credit […]
Bust Out Fraud: Miami’s Multi-Million Dollar Auto Fraud
If you’re lending in Florida, you’ve probably been hit by the South Beach Bust Out Syndicate Bust out fraud is a sophisticated scheme where criminals obtain loans with no intention of repaying them, often using straw purchasers to acquire cars that quickly disappear. Point Predictive fraud analysts are alerting auto lenders to a large operation […]
Auto Lending Threats and Solutions in 2025: Point Predictive & Open Lending Analysis
Traditional fraud prevention solutions are no longer enough to protect your business from the next generation of lending fraudsters. Let’s explore how lenders can balance thorough borrower analysis with quick decisions when fraud schemes become more sophisticated. 1. Increasingly Sophisticated Synthetic Identity Fraud The industry faces growing synthetic identity threats. For example, in 2023, a […]
Emerging Threats of AI-Enabled Fraud in 2025
2024 gave us all a preview of AI-powered fraud threats, including deepfakes, voice clones, and AI-based phishing. And yet this was merely a field test for what’s coming next. In 2025, AI scams are poised to take center stage in scams targeting fintechs and banks. Financial institutions are already targets of coordinated campaigns, with the […]
“Un-Retiring”: A New Employment Fraud Trend Raising Red Flags
Something unusual is happening in the lending world. We’re seeing a growing number of loan applicants claiming to be employed after previously stating they were retired. While you might think this reflects older Americans returning to work in a tough economy, our data reveals a more concerning pattern. What’s Happening? People who had previously claimed […]
Frank Takes: How Banks Solved the Check Fraud Boom of the 1970s
Frank Takes is a quick summary of insights and findings from the popular industry blog Frank on Fraud, written by renowned fraud expert Frank McKenna, co-founder and Chief Fraud Strategist at Point Predictive. Fraud history often repeats itself, and the 1970s serve as a prime example of this phenomenon. Amidst economic recession and inflation, the […]
Frank Takes: As Zelle Grows, Fraud and Scams Exposure is Up Too
Frank Takes is a quick summary of insights and findings from the popular industry blog Frank on Fraud, written by renowned fraud expert Frank McKenna, co-founder and Chief Fraud Strategist at Point Predictive. Zelle saw a significant surge in payment volumes in 2023, with consumers and small businesses conducting 2.9 billion transactions totaling $806 billion—a […]
