Are Liar Loans Pushing Fraud Too Far in Auto Lending?

The Auto Lending Industry could be in for rough waters. Ben Eisen, a Wall Street Journalist investigated the issue of Liar Loans and remarks in this video how eerily similar the problem seems to be compared to the Mortgage Crisis of 2007.

1 in 4 loans have inflated income. And that’s just what we know about. It could be higher. Much, much higher.

See for yourself and watch this video.

I am Frank McKenna, a fraud expert from San Diego. The views and opinions expressed here are entirely my own and do not reflect those of Point Predictive.