CategoryRetail

Auto loan fraud worsening for Canadian dealerships, lenders

Some digital retail platforms use anti-fraud tools such as out-of-wallet questions pulled from credit reports.
First-party fraud, which encompasses legitimate applicants lying on their paperwork, continues to be the most prevalent form of misrepresentation, making up a little over half of cases, according to Equifax Canada.
December 01, 2024 03:56 PM