Why Auto Loan Fraud Just Hit $10.4 Billion

The call is coming from inside the house. For years, auto lenders built their defenses around the idea that fraud meant a criminal stealing some innocent person's identity to buy a car. That threat has not vanished, but it has become a sideshow. The real money, and the real growth, now comes from the person sitting across the desk at the dealership, filling out a loan application in their own name and lying through their teeth.

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