Auto Lending

1 min read

Purchased Synthetic ID Fraud Sends Man to Jail

April 28, 2019 Cucolle1

Oklahoma City, OK – For decades, collectors and fraud investigators have fumed over watching...

3 min read

Fed: Auto Loan Delinquency Reaches Highest Level since 2010

February 13, 2019 Cucolle1

Detroit, MI – 13 February 2019 – Borrowers are behind in their auto loan...

1 min read

Straw Buyer Fraud Dealership Reaches Agreement with Feds

January 17, 2019 Cucolle1

Erie, PA – 16 January 2019 – A federal fraud case against an Erie...

1 min read

Wells Fargo to Pay $385M for Wrongful CPI Placement

January 3, 2019 Cucolle1

Wells Fargo Bank has agreed to pay $575M to settle charges that it engaged...

1 min read

How Lenders Can Defeat Synthetic Identity Application Fraud

January 1, 2019 Cucolle1

4 Red Flags of Synthetic ID Fraud The explosion of synthetic identity fraud on...

1 min read

Florida AG Sues Marlin Financial Over Loan Practices

December 6, 2018 Cucolle1

Ordered by BCFP to cease making new loans in September, the Florida Attorney General...

3 min read

Lawsuit Claims Wells Fargo Knew CPI Was Hurting Consumers for Years

November 8, 2018 Cucolle1

  New York, NY – 7 November 2018 – Wells Fargo executives were warned...

1 min read

15 Credit Unions Pounded with Phantom Auto Loan Fraud

October 30, 2018 Cucolle1

Charlotte, NC – 17 October 2018 – A federal jury in Charlotte has returned...

1 min read

Synthetic ID Fraud Up 500% in Auto Lending Since 2011

October 5, 2018 Cucolle1

Synthetic Identity has become a major problem for auto lenders and a new report...

1 min read

Fintech Auto Lender Stops Making Loans – Under Investigation

October 3, 2018 Cucolle1

Tampa, FL – 2 October 2018 – Marlin Financial has stopped taking new customers...

1 min read

Dealer Sued for Fraud and Allegedly Withholding Borrowers Payments

August 31, 2018 Cucolle1

Fort Mill, SC – 30 August 2018 – Some dealers work by having customers pay...

9 min read

Auto Loan Delinquency Rising, But Mostly in Subprime Borrowers

August 17, 2018 Cucolle1

Steady increases in U.S. auto debt over the past seven years have raised concerns...

1 min read

Fake Employment Scams – A New Cottage Industry for Fraud

July 15, 2018 Cucolle1

So, the loan underwriters stipulated for proof of income, proof of residency and even...

1 min read

14 Year Old Dragged from Car as TN Police Assist Repo – Video goes Viral

June 28, 2018 Cucolle1

Chatanooga, TN – 25 June 2018 – Jeez! Can you say “Lawsuit? Some poor...

1 min read

All In One Pricing For Repossession Services Offers Potential Benefits But…..

June 6, 2018 Cucolle1

FOR IMMEDIATE RELEASE Over the past 12-18 months, there has been a real increase...

1 min read

Oil States and Continued Share Shifting Help Stabilize Auto Loan Delinquency Rates

May 24, 2018 Cucolle1

TransUnion’s Industry Insights Report found that tighter underwriting and improvements in the oil states...