Auto Loan Fraud Losses More Than Triple in Key Categories, New TransUnion Analysis Finds

The article warns that fraudsters are using increasingly sophisticated identity schemes, increasing auto loan losses even as the number of incidents declines. This suggests worsening credit quality and rising underwriting/collection pressure for auto lenders. Overall, the risk skew is negative for loss assumptions, though no specific dollar or percentage figures are provided.

Analysis

The article warns that fraudsters are using increasingly sophisticated identity schemes, increasing auto loan losses even as the number of incidents declines. This suggests worsening credit quality and rising underwriting/collection pressure for auto lenders. Overall, the risk skew is negative for loss assumptions, though no specific dollar or percentage figures are provided.