FTC SHUTS DOWN ROBOCALL SCAM

The FTC recently shut down scammers who were tricking consumers into providing their personal information, including bank account info.  The FTC filed a complaint in the Eastern District of New York against The Cuban Exchange, Inc. and sought a temporary restraining order .  Federal Judge, Judge Roslynn Mauskopt, entered an order granting the restraining order petition.  The order prohibits the defendants [...]

DISTRICT COURT FINES CREDIT REPAIR COMPANY $6.4 MILLION

Responding to charges by the Federal Trade Commission, a U.S. district court has found a credit repair operation in contempt for violating a previous court order that required the defendants to stop promoting bogus credit repair products and services to consumers. The court ordered the defendants to pay $6.4 million to the FTC within 30 [...]

UNIVERSITY OF ARKANSAS FOR MEDICAL SERVICES DATA BREACH NOTIFICATION

The University of Arkansas for Medical Sciences (UAMS) is contacting patients about a 2010 data breach.  About 1,500 patients are included in the data breach notification.  The data breach involves a resident physician who was employed by terminated by UAMS and terminated in 2010. UAMS says it recently discovered the resident kept some patient lists and notes regarding patients in violation [...]

CFPB DIRECTOR RICHARD CORDRAY TO SPEAK IN BIRMINGHAM, ALABAMA – PAYDAY LENDING

The hearing will take place on Thursday, January 19, 2012, at 12:00 P.M. CST (UPDATED LOCATION:  at the Birmingham-Jefferson Convention Complex).  Alabama is a state with one of the highest number of payday lenders per capita in the country.  The CFPB is the first federal agency with the authority to oversee payday lenders of all [...]

TAX IDENTITY THEFT AND TAX FRAUD HELP

The Internal Revenue Service (IRS) added a new webpage concerning tax fraud and identity theft.  The website now includes topics on “phishing” schemes, identity theft and protecting your Social Security number.   Click HERE to visit the website. What are signs that you may be a victim of tax identity theft? 1. You filed more than [...]

CompuCredit Corp. v. Greenwood – U.S. Supreme Court High Fee Credit Card Decision Lets Predatory Lenders Escape Justice

The National Consumer law center (NCLC) issued the following press release regarding the Supreme Court's decision in CompuCredit v. Greenwood. FOR IMMEDIATE RELEASE: January 10, 2012 U.S. Supreme Court High Fee Credit Card Decision Lets Predatory Lenders Escape Justice  CompuCredit Corp. v. Greenwood Decision Denies Basic Legal Right to Day in Court  (Washington, DC) The [...]

CORDRAY APPOINTED – PRESIDENT SUPPORTS CONSUMER PROTECTION DESPITE REPUBLICAN OPPOSITION

The long-delayed start of a new consumer protection bureau took a major step forward Wednesday when the White House defied Congressional Republicans who had been holding out for changes that consumer advocates say would have substantially weakened the agency. President Barack Obama announced a recess appointment to name Richard Cordray as the nation's chief consumer [...]

SOUTH LOUISIANA IDENTITY THEFT

Mistie Young, of Eunice, Louisiana, was arrested and charged with six counts of identity theft.  According to the police, Young purportedly forged the identity theft victims' names when she made credit card purchases.  police first became aware of the theft when a Eunice, Louisiana resident complained of a stolen debit card. Investigators easily tracked down [...]

FACEBOOK MAKES SETTLEMENT IN PRINCIPAL WITH FTC OVER CONSUMER PRIVACY ISSUES

Facebook has reached a tentative settlement with the Federal Trade Commission on accusations that it deceived consumers that their private information on the social network would remain private when it wasn't, the FTC said Tuesday. Under the proposed settlement, Facebook promised to take a number of steps to live up to its promises, including giving [...]

ID THEFT NEWS – WEEKLY UPDATE

Linkedin to identity theftToronto Sun Toronto hi-tech thieves are sifting through business networking websites like Linkedin to find rich CEOs and businessmen to prey on by stealing their personal data and creating false identities to rack up cash and credit, police say. ... Identity Theft Costs Clarendon Hills Woman $5800 Patch.com By Joe O'Donnell Identity [...]