Home Loans Credit unions losses tied to auto fraud reach $1.2B

Credit unions losses tied to auto fraud reach $1.2B

0


Falsified income, employment and identities have caused credit unions to lose millions to fraud in the past three years. Credit unions have lost an estimated $1.2 billion tied to auto lending fraud since 2022, according to Point Predictive. They are also seeing higher rates of fraud compared to other lenders, according to Financial Crimes Enforcement […]



LEAVE A REPLY

Please enter your comment!
Please enter your name here