FICO Survey Shows Americans Prepared to Be Dishonest to Meet Financial Needs
July 30 2025
Global analytics software leader, FICO announced new findings from the 2025 Consumer Survey: Fraud, Identity and Digital Banking US regarding customers' experience with application fraud and whether banks are meeting their needs. The survey found that up to a third of Americans report that lying on applications for credit is either acceptable in some circumstances or normal behavior. As the cost-of-living crisis worsens, banks must prioritize fraud protection to challenge the increasingly problematic issue of first-party fraud.