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 [...]
Posts Tagged ‘law’
SENIORS MOST VULNERABLE INVESTORS
Posted: July 23, 2011 by administrator in CONSUMER FRAUDTags: alabama, allen, annuities, annuity, assisted living, Atlanta, Bankers Life Casualty, birmingham, CD, consumer, Dallas, deferred annuities, elder, elder law, financial fraud, financial products, FINRA, Florida, FRAUD, frisco, GEORGIA, huntsville, investment, investor, Jacksonville, Lake Mary, law, Longwood, McKinney, MEDICARE, Memphis, mobile, montgomery, nashville, nursing home, Orlando, penalties, pensacola, Plano, predatory lending, senior, Spend down, tallahassee, tampa, Tennessee, TEXAS, Tuscaloosa, victim
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?
Posted: July 22, 2011 by administrator in CREDIT DISPUTES, FCRATags: alabama, allen, Atlanta, attorney, birmingham, cfpb, consumer financial protection bureau, credit, CREDIT DISPUTE, credit error, CREDIT REPORT, CREDIT SCORE, Dallas, EQUIFAX, EXPERIAN, Florida, frisco, GEORGIA, huntsville, jackson, Jacksonville, law, lawyer, lender, McKinney, Memphis, mississippi, mobile, montgomery, nashville, Orlando, pensacola, Plano, Richardson, tallahassee, Tennessee, TEXAS, Trans Union, Tuscaloosa
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
Posted: July 21, 2011 by administrator in CONSUMER FRAUD, CREDIT DISPUTES, FCRATags: Adverse Action, alabama, annualcreditreport, Atlanta, attorney, birmingham, breach notification, consumer, consumer disclosure, credit, CREDIT REPORT, Dallas, dispute, EQUIFAX, error, EXPERIAN, fair credit reporting act, FCRA, Florida, FRAUD, free report, GEORGIA, huntsville, id fraud, id theft, identity, Jacksonville, law, lawsuit, lawyer, Memphis, mobile, nashville, Orlando, Panama City, pensacola, permissible purpose, permissible use, tallahassee, Teletrack, Tennessee, TEXAS, THEFT, Trans Union, Tuscaloosa
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 [...]