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Finance Insurance

Better training, new tool bring loan fraud to light

Retail light-vehicle inventories in the U.S. remained below 1 million units for the 12th consecutive month in May 2022, LMC Automotive and J.D. Power said.
Seventy percent of auto loans that default within the first six months — a sign of potential fraud, most lenders say — have evidence of misrepresentation on the initial application, according to Point Predictive's 2022 Auto Fraud Trends report. (DAVID PHILLIPS)
JH
By:
John Huetter
October 14, 2022 09:46 PM

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