There is a stunning increase in the risk for fraudulent auto lending, as pointed out by a new San Diego startup that uses machine learning software and specifically designed algorithms to detect vehicle loan fraud. “Looking at the data, PointPredictive believes the level of annual fraud risk in auto lending will reach $4 billion to $6 billion this year – up from $2 billion to $3 billion in 2015.” (The San Diego Union Tribune). This new company is hoping its technology will become the … [Read more...] about How to Minimize the Risk for Fraud in Auto Lending
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Consider These When Looking For An Auto Attorney
Buying a new car is one of the biggest financial decisions that many people make. A vehicle sale is a complicated transaction that involves a lot of paperwork and information. Dishonest auto dealers may try to pad their commission by engaging in unscrupulous practices and even outright fraud. In the excitement of the car buying process, consumers may get taken advantage of by dealers. Even if you have carefully researched autos and shopped around to compare prices, unscrupulous car dealers … [Read more...] about Consider These When Looking For An Auto Attorney
We Protect Consumers from Fraud and Illegal Practices
Call us and get FREE legal advice from our experienced foreclosure attorney, real estate attorney, auto fraud attorney, auto accident attorney, mortgage attorney, bankruptcy attorney, and employment law attorney. Consumer Action Law Group is a top consumer law firm in Los Angeles, California. Our attorneys help people who are involved in disputes with banks, credit card companies, car dealers, employers, and insurance companies. Our lawyers are able to help if you are going through foreclosure, … [Read more...] about We Protect Consumers from Fraud and Illegal Practices