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.

Frank McKenna is the Chief Fraud Strategist for PointPredictive and a Fraud Consultant based in San Diego California