Davis+Gilbert is a proud sponsor of the 23rd Annual Non-Prime Auto Financing Conference taking place in Plano, TX, June 5-7.
On June 7, Joseph Cioffi, Davis+Gilbert Insolvency + Finance chair, will speak on a panel titled “How to Protect Against the Largest Category of Fraud for Lenders?”
The indirect Retail Installment Contract purchase model is inefficient. Dealers don’t always have adequate controls in place to manage the risk of fraud introduced by F&I managers. Dealer introduced fraud represents the largest category of fraud / misrepresentation for lenders. This session will explore the various types of dealer fraud and share ways for lenders to stop this type of fraud as well as hold dealers accountable while maintaining good dealer relations.