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Point Predictive Releases 2025 Auto Lending Fraud Trends Report Revealing $9.2 Billion Industry Risk

Summary by The Hamilton Spectator

SAN DIEGO, March 25, 2025 (GLOBE NEWSWIRE) -- Point Predictive, the leader in artificial intelligence solutions for consumer lending, today released its comprehensive 2025 Auto Lending Fraud Trends Report. Drawing from an unprecedented dataset of over 250 million historical applications…

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The Epoch Times

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Auto Loan Fraud Surges 16 Percent, Driven by ‘Array of Misrepresentations’: Analysis

Auto loan fraud surged more than 16 percent to $9.2 billion last year, driven by “an array of misrepresentations,” a new report finds. Point Predictive, an artificial intelligence solutions provider for consumer lending, assessed a treasure trove of data for lenders and dealers. This included 256 million historical applications, 300 million reported incomes in submitted applications, and billions in reported fraud and default. Researchers determ…

5 days ago·New York, United States

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The Hamilton Spectator

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Point Predictive Releases 2025 Auto Lending Fraud Trends Report Revealing $9.2 Billion Industry Risk

6 days ago·Hamilton, Canada

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CBT Automotive Network

Social media fuels surge in auto loan fraud, driving losses to $9.2B

Auto loan fraud surged to record levels, with scammers exploiting social media to share tactics that helped drive fraudulent loan losses up by 16% to $9.2 billion, according to a report from risk management firm Point Predictive. Fraud now accounts for approximately 1.3% of all auto lending, outpacing the overall growth in auto loans tracked by the Federal Reserve Bank of New York. Sign up for CBT News’ daily newsletter and get the latest indus…

5 days ago

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