#30 Why auto loan fraud is rising, Riskiest types of dealerships, Novel credit repair scams, $8B “fraud” opportunity | Frank McKenna, Chief Fraud Strategist, Point Predictive
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Show Notes
In this episode, I’m speaking with Frank McKenna, Co-Founder and Chief Fraud Strategist at Point Predictive.
This episode is brought to you in partnership with Point Predictive. You can access the free Point Predictive Auto Lending Fraud Report here.
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(00:00) - Intro
(01:15) - Frank’s background & Why Point Predictive exists
(05:55) - The massive scale and spectrum of fraud
(12:15) - Keeping up with evolving fraud methods
(26:35) - Are independent dealers riskier than franchise dealers?
(37:33) - Preventing losses and making money
(43:07) - How COVID enabled a new cohort of fraudsters
(45:35) - Wrapping up
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This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.