A well-known advertising campaign asks consumers “What’s In Your Wallet?” Given recent Consumer Financial Protection Bureau (CFPB) activities, lenders might feel the Bureau is pushing a variation on this theme – “What’s In Your Deal Jacket?” The CFPB is increasingly holding auto lenders accountable for mishandling contractual provisions in their loans, especially if it involves
The changing AI landscape Google rebranded its AI chatbot Bard to Gemini, reflecting its advanced large language model capabilities. This is part of a broader strategy highlighting the sophisticated technology underlying the chatbot and its evolution from a mere model to a driver of multiple products within Google’s ecosystem. The shift toward rebranding and transparency of
In the changing world of fintech, fraud prevention and detection have become essential. A recent panel discussion featuring experts Detective Sergio Aguero from the San Antonio Police Department, Jessica Gonzalez from Informed.IQ, and James Waldron from First Adjusters, shed light on this critical issue. The panelists’ insights provide a comprehensive guide to understanding and mitigating
Complete Guide to Fintech Fraud Prevention and Detection Read More »
In the last blog, we broke down types of fraud, who tends to commit them (1st party vs. 3rd party vs. 2nd party aka dealer) and why (misrepresent income, misrepresent home address or contact info, etc.). In this blog, we will explore how fraud happens. There are two primary ways information is misrepresented during the
