Two Types of Fraudsters

A Tale of Two Frauds

All fraud is bad, right? Well…kind of. Point Predictive owns and operates the largest auto lending fraud consortium on the market. Housed within the consortium is information on more than 94 million applications (growing by 2MM/month), and $2.4B worth of fraud and misrepresentation Throughout 2020, Point Predictive noticed a 300% increase in employment related fraud, …

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Capital One fined $390MM for failing to report activity tied to money laundering and organized crime

Lessons from Capital One – BSA: Cost Center or Gatekeeper?

In a recent announcement released by the Financial Crime Enforcement Network (FinCEN), Capital One is being fined $390 million for failing to properly identify, evaluate, and report on suspicious activity for a major money services business. What Is BSA? The Bank Secrecy Act, or BSA, is a piece of legislation that was passed by Congress …

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Author

My name is Justin Davis, and I am an expert in fraud prevention, strategy, and execution. I am considered an industry leader in identity fraud and have experience in leading fraud strategy at Fortune 500 companies as well as national credit unions. Currently I am a Fraud Consultant for Point Predictive where I work to drive innovation in the auto and mortgage lending industry.

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