8 Fraud and Risk Gaps Private Lenders Miss
Would it surprise you to learn that fraud is common in private lending? Probably not if you're in this business. But if you're not, here's what a recent LexisNexis report has revealed: not only is fraud common, but U.S. financial services firms lose $4.41 in costs for every $1 of fraud. This, by the way, is a 28% increase compared to 2022.