Vehicle-finance fraud cases fell 13.5% in the U.K. last year even though there were more vehicles financed than in 2009, says the Finance & Leasing Assn. There were 832 cases of fraud in 2010, costing £14.6 million ($23.4 million). The FLA says the reduction reflects lenders’ commitment to tackle financial crime and keep credit affordable. “While 832 cases of fraud slipped through lenders’ checks, FLA member finance companies prevented over 9,000 cases of suspected or attempted ...
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