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Consumer Lending Fraud

Consumer lending fraud is an issue all banks need to take seriously. This course discusses consumer fraud and shows you how you can help prevent consumer lending fraud at your bank.
SKU: P4213EN
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Consumer lending fraud is troubling because not only does it cost banks, businesses, and customers large sums, it erodes confidence in banks' ability to extend credit - a cornerstone of the American economy.

 

In this module, we will explore consumer lending fraud by first discussing the basic forms it can take and then discussing real life examples of different types of consumer lending fraud.

 

This course includes an examination.

 

Learning Objectives:

  •  Explain how identity theft and misrepresentation enable consumer lending fraud
  • Enact bank policies and procedures to mitigate the effects of different types of consumer lending fraud, including credit and debit card fraud, student loan fraud and car loan fraud.

Course Outline:

  •   How Fraud Occurs

o   Identity theft

o   Misrepresentation

  • Credit Card Fraud

o   Credit card fraud ring

o   The scope of the fraud

o   The problem for banks

o   The solution

  • Debit Card Fraud

o   Skimmers

o   The scope of the fraud

o   The problem for banks

o   The solution

  • Student Loan Fraud

o   Student loan fraud

o   The scope of the fraud

o   The problem

o   The solution

  • Car Loan Fraud

o   New York auto fraud

o   Straw borrowers

o   Destroyed credit

o   The problem

  • The solution

Duration:

0.83 hours

Features:

Audio, hybrid

Module(s):

6285EN

Products specifications
Course Language English
Length Range 31 - 60 Minutes
Length (Hours) 0.83
Course Features Audio
Course Features Mobile
Module Number(s) 6285EN
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