If you’re one of CommBank’s 17 million customers, don’t panic. But given how well AI can now fake documents, all banks will ...

The country’s largest bank is working to assess how many loans have been secured based on doctored applications, including documents created using AI.

The bank’s application processes and the way documents are verified leave it vulnerable. The sector must lift its game to protect the integrity of the market.

When auto loans suffer losses they are “dramatically higher” than losses in other types of consumer credit products, according to a recent analysis by the credit bureau TransUnion. The average auto ...

Federal prosecutors charged a slew of Florida residents and one Bostonian across two fraud cases, which each level charges of faking financial records or applications for mortgage loans and COVID-era ...

Thousands of pandemic-era loan borrowers in Minnesota have been suspended for suspected fraud, U.S. Small Business Administration's Kelly Loeffler announced Thursday night. Loeffler says 6,900 ...

TAMPA, Fla. (WFLA)— A Belleair man was found guilty of COVID loan fraud while using his former business partner’s identity, who died in 2019. According to the Department of Justice, a federal jury ...

Mortgage Magic is now embedding e-ID directly into the client onboarding journey. Clients can verify their identity remotely via a secure link on their smartphone, eliminating branch visits or posted ...