Fraud Losses Soared to $12.5 Billion in 2024—Here’s What Auto Lenders Should Know

Consumer fraud losses surged to $12.5 billion in 2024, marking a 25% increase over the previous year, according to a new report by the FTC released this week. While the number of fraud reports has remained steady, the FTC found that the percentage of consumers who said they lost money skyrocketed—from 27% in 2023 to

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