Fraud trends report in auto lending released

Sharon Lewis, with the OBA’s fraud division, has followed Frank McKenna (www.frankonfraud.com) for a long time. Frank is the chief innovation officer at Point Predictive, a lending confidence and risk management company.

Point Predictive just released their 2025 Auto Lending Fraud Trends Report. Click here to download the report.  According to the report, did you know … the estimated fraud loss exposure for the auto lending industry exceeded $9.2 billion in 2024.  Also, read in the report how the “South Beach Bust Out Syndicate” has submitted fraudulent loan applications valued at more then $10 million with vehicles being shipped to overseas markets; who the top 20 fake employers are o  what the red flags are for early pay default.