A $26 million settlement by Santander Consumer is shining a light on the hard-to-measure problem of auto dealer fraud, while also raising questions about the adequacy of lenders' efforts to combat bad behavior.
Mar 7, 2:00pm First-party fraud—in which a customer uses their own identity to apply for a loan that they have no intention of repaying—is one of the most confounding challenges facing financial institutions (FIs).
