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Fraud prevention

Credit washing rose nearly 700% over 2 years: Transunion

Fraud, Fraud detection, Fraud prevention, MARKETING TO BORROWERS, Originations, Underwriting /

While there are legitimate means to allow consumers to boost their credit scores, others – not just individuals but also industrial or institutional actors – engage in a practice known as credit washing. The practice takes advantage of something people are allowed to do: challenge erroneous information on their credit reports. But in credit washing, […]

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Consumers fearful of fraud, but willing to exaggerate income

Consumer banking, Consumer lending, Credit, Fraud, Fraud prevention /

Americans are increasingly worried about financial fraud, a new survey finds – even if many of them are willing to bend the rules themselves. In a new report from FICO, 32% of Americans ranked fraud protection as their most important consideration when choosing a financial account, with 71% putting it in their top three issues.

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