TOP IDENTITY THEFT STORIES IN THE NEWS: WEEKLY UPDATE

  Identity theft among family members affects millions Reuters “The realities of familial identity theft are far worse than anything you see in a soap opera. It is the ultimate in family betrayal.” Identity theft expert Linda Foley, who runs the consultancy ID Theft Info Source says the sad truth is family members ...   [...]

BIRMINGHAM SOCIAL SECURITY ADMINSTRATION ID THEFT INCIDENT

A former Birmingham, Alabama Social Security Administration employee has been sentenced to more than 2 years in prison for identity theft.  The employee, Ame-Cherie Denise Thompson, 34, of Birmingham, Alabama used someone else’s Social Security number to get a car loan for a friend.  After Thompson gets out of prison, she will also have to serve 5 [...]

SUPREME COURT & BIG BUSINESS CRUSH CONSUMER RIGHTS

Are consumer class actions banned by the US Supreme Court ruling in Concepcion?  Here's an excerpt from an excellent article detailing how the Concepcion ruling is affecting consumers all over the US. If it seems easier lately for companies to add small fees on your bills and harder for you to get your money back, [...]

Glenville police search for identity theft suspect – News 10 WTEN: Albany, New York News, Weather, Sports

GLENVILLE, NY (WTEN) - The Glenville Police Department are searching for a suspect accused of identity theft at Walmart. Six complaints of identity theft have been filed with Glenville Police between August 16 through August 21, 2011. The victims are from Michigan, Florida, North Carolina, and Texas. Some unknown suspect or suspects are placing orders [...]

ATM SKIMMING ARREST MADE IN CALIFORNIA

A San Diego has been accused of "skimming" personal identifying information (PII) from bank customers' ATM cards.  According to authorities, a skimmer was placed on a bank door and allowed an identity thief to take thousands of ATM users' personal identifying numbers (PINs).  The alleged identity thief, Daniel Axinte, was charged with over 40 counts [...]

CHILDREN AT RISK FOR ID THEFT

Identity theft is a growing problem for American consumers, especially children.  In fact, a recent study on identity theft indicates children are at a greater risk for having their identities stolen.  How much greater? Children are 50 times greater than adults to be victims of identity theft! Theft of children's personal identifying information often goes [...]

SENIORS MOST VULNERABLE INVESTORS

According to the North American Securities Administrator's Association (NASAA), seniors are the most vulnerable investors.  Seniors are a viable target for financial predators.  Why?  According to Money magazine, the average household led by those 75 and over has a net worth of $638,000. Secondly, seniors' ability to understand complex financial transactions lessens with age.  Thirdly, [...]

DOES MY LENDER GET THE SAME CREDIT SCORE I GET?

Consumers have the right to request (for a fee) their credit score from the three nationwide consumer reporting agencies, Equifax, Experian and Trans Union.  Is the credit score consumers receives the same score provided to lenders?  No, according to a recent Consumer Financial Protection Bureau (CFPB) report. In its July 20, 2011 report, the CFPB [...]

TELETRACK TO PAY $1.8 MILLION TO SETTLE FCRA CLAIMS

Teletrack, Inc. has agreed to pay $1.8 million to settle Federal Trade Commission's (FTC) charges that it violated the Fair Credit Reporting Act (FCRA).  The FTC  alleged Teletrack sold consumers' credit reports to marketers without a permissible purpose. According to the FTC complaint, Teletrack sold consumer credit reports to payday lenders, rental stores, and sub-prime [...]