To The Point Podcast Episode 6: The State of the Fraud Prevention Field with Matt Beardsley
On this week’s episode, Matt Beardsley of PenFed Credit Union explains how first-party loan fraud is an understated and too often overlooked financial crime. He discusses the evolving tactics fraudsters are using to deceive credit unions and other lenders, and the steps organizations like his are taking to stay vigilant. Beardsley, a self-described “financial crimes […]
To The Point Podcast Episode 5: Why Fraudsters are Becoming More Aggressive
A Point Predictive Podcast with Sgt. David Navarro Sgt. Dave Navarro of the California Highway Patrol discusses the wide variety of fraud affecting auto dealers in California, both before and after purchase. He explains how fraudsters’ brazen and constantly evolving tactics can present a challenge for law enforcement, and how his agency is working to […]
6 Insights into Auto Lending Fraud Trends
Point Predictive’s annual report on the state of auto lending fraud has implications for dealers and lenders. Here are six key takeaways. Request the full report here: 2023 Auto Lending Fraud Trends Report. 1. COVID stimulus resulted in up to 1 million new fraudsters Point Predictive data indicates that up to 1 million new fraudsters […]
PointPredictive Announces Auto Lending Fraud Roundtable 2018
On May 30th, 2018, Auto Lenders from around the nation will gather in a united effort to address the growing problem of auto lending fraud as well as misrepresentation leading to first payment defaults and early payment defaults. The roundtable is expected to draw more than thirty lenders representing all segments of the industry — […]
How We Help Auto Lenders Comply with Dealer Monitoring Regulations
I read an interesting article from Christine Pratt at AITE which was very interesting. You can read the article here – Are Indirect Auto Lenders the Real Target of the FDIC’s New Third-Party Guidance? Something which we have known for years and now happening, is more regulation for Indirect Auto Lenders and the dealers that they […]
PointPredictive Launches DealerTrace
PointPredictive, Inc. today launched DealerTrace™, a comprehensive analytic solution designed to address auto-lending fraud and compliance risks. DealerTrace helps auto finance lenders manage applicant risks, including early payment default and fraud, and the risk of their dealer relationships. Auto lending fraud occurs when information on an auto loan application is intentionally misrepresented by the borrower, […]
