News
Data From 700Credit Breach Allegedly Available to Highest Bidder
DataBreach.io reports records stolen from 700Credit in an October cyberattack are being offered for sale on the dark web with an asking price of $8.4 million. Read more at Dealer Agent News
How to Report a Fraudster
Lt. Darren Schlosser of the Texas Financial Crimes Intelligence Center offers a step-by-step guide to reporting in-progress fraud situations and past scams to attendees of the Auto Finance Summit. Read more at Automotive News
Video: F&I Compliance Blind Spots
Mosaic Compliance Services’ Jim Ganther joins Adam Marburger for the latest episode of “Training Camp” to help dealers identify and resolve the blind spots that can do harm to F&I customers — and profitability. Watch at CBT News
Suspended Michigan Dealership Denies Selling Used Units as New
The MDS has suspended LaFontaine Chevrolet Buick GMC of St. Clair's license after accusing the dealership of selling loaner units as new in violation of state law. Read more at Fox 2 Detroit
Trump Donor Sues Connecticut Dealer
The MAGA megadonor and used car enthusiast who helped the U.S. government fund military paychecks has three outstanding claims against a Connecticut Subaru dealership. Read more at CT Insider
Where’s Your Moral Compass?
ACE’s Gil Van Over returns from a road trip with tales of forged signatures, kinked incomes and exaggerated job titles, all of which qualify as bank fraud and should have been stamped out years ago. Read more at F&I and Showroom
