Auto Loans

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

Sensible Auto Lending LLC, Settles for $733K in Relief and Refunds to Victimized Consumers

January 16, 2019 Cucolle1

Auto Lender to Provide More Than $700,000 in Debt Relief and Refunds to Consumers...

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

America’s First Straw Buyer Auto Fraud Case – 1941

January 3, 2019 Cucolle1

Any of us that have been in the auto lending and collections industry for...

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

Credit Acceptance Collection Cases Dominate Detroit’s Court System

October 17, 2018 Cucolle1

When Don Foss started his career as a car salesman, he recognized early on...

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

Dealership Fined $2M in Loan Fraud Fines

September 5, 2018 Cucolle1

Erie, PA – 3 September 2018 – A Pennsylvania dealership has agreed to pay...

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

Third Person Sentenced in NY Loan Fraud Ring

July 26, 2018 Cucolle1

Providence, RI – 25 July 2018 – A third person charged in federal court...

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

Langley FCU Hit with Phantom Auto Loan Fraud Scheme

July 10, 2018 Cucolle1

  20 June 2018 – In 2015, the US Office of Personnel Management (OPM) was involved...

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

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...

1 min read

Has Auto Loan Fraud Replaced Car Theft in the US?

May 21, 2018 Cucolle1

Thefts of cars have gone on a decades-long decline here in the United States. In...