Auto lending has an unprecedented rise in sophisticated fraud, with loss exposure growing to a record $10.4 billion in 2023.

When auto loans suffer losses they are “dramatically higher” than losses in other types of consumer credit products, according to a recent analysis by the credit bureau TransUnion. The average auto ...

The same tech that’s advancing the mortgage industry is being used to create scams, drive fraud Mortgage scams have increased since 2022 from 14 incidents a month to 71, according to a study that ...

A Virginia used car dealer has been sentenced to six years in federal prison after investigators determined he orchestrated a large-scale auto loan fraud scheme that targeted financial institutions ...

For Americans dreaming of owning a home, this decade has been brutal. From the end of 2019 to the end of 2022, the median sales price for homes sold in the U.S. soared 35%, according to the Federal ...

Long before it got involved with the dealmakers in mortgage fraud and had to write down tens of millions of dollars, Merchants Bank was a regional bank with a green frog logo, a five-story ...

Merchants Bancorp of Indiana, a regional bank with a $500M multifamily loan book, has more than quintupled the money it has set aside to cover potential losses because of an increase in fraud in its ...

A new illegal private loan method involving lending money and receiving repayment as gift certificates with exorbitant ...

Mortgage fraud happens when someone omits or falsifies information in connection with the process of buying a house. This can be from predatory lenders trying to defraud borrowers or from borrowers ...

A former Monee village clerk and her husband pleaded guilty Monday to loan fraud, a year after they were arrested on charges of defrauding the government through a COVID-19 relief program. The felony ...

Western Alliance is one of the regional banks facing concerns over loans made to non-bank financial players. The bank's CEO said he believes the alleged loan fraud that sparked a selloff last week is ...