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 [...]

RESOLVE TO BE AN INFORMED CONSUMER

As you jot down your list of resolutions for 2012, why not consider a few to help you become more empowered in the marketplace? The Federal Trade Commission (FTC) and other NCPW partner agencies and organizations, offer free resources on a variety of topics to help you make informed consumer decisions.  In fact, there’s pretty [...]

ALABAMA RANKS NO. 15 FOR ID THEFT

The Federal Trade Commission ranked Alabama No. 15 IN 2010 last year.  In 2009, Alabama ranked 17.  The FTC maintains a database called the Consumer Sentinel Network and lists identity theft and fraud complaints. The FTC received 3,339 identity theft complaints from residents of Alabama last year. What state scored number 1 in the complaints [...]

ROCKYOU DATA BREACH CLASS ACTION POISED FOR SETTLEMENT

When Alan Claridge's personal information was compromised in the breach of data from RockYou in 2009, he sued the company for damages. Last week, after two years in litigation, a settlement was proposed -- and legal experts say it might prop the door open for more lawsuits. According to the proposed settlement agreement, the judgment in Claridge's [...]

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 [...]

MONTGOMERY, ALABAMA WOMAN PLEADS GUILTY TO IDENTITY THEFT

A Montgomery, Alabama woman pled guilty last week to identity theft and tax fraud charges, according to the US Department of Justice and the Internal Revenue Service (IRS).  Veronica dale, the defendant, also pleaded guilty to two counts of filing false, fictitious or fraudulent claims with the United States; two counts of theft of government [...]

AMERITRADE ID THEFT VICTIMS TO COLLECT $2.5 MILLION TO $6.5 MILLION

Ameritrade identity theft victims may collect as much as $2,500 after a recent data breach settlement approved by a California judge.  The settlement will cost Ameritrade between $2.5 million and $6.5 million.  The judge did not approve a prior settlement agreement because anti-spam software and tighter security was not enough for the court.  Class members include [...]

UGA EMPLOYEES AT RISK FOR ID THEFT

Employees who worked at the University of Georgia (UGA) in 2002 are at risk of identity theft after their personal identifying information (PII) was made public.  According to UGA, university official recently discovered a data file on a publicly available web server.  The web file included 18,931 employees’ Social Security numbers, date of birth, dates of [...]

TRICARE DATA LOSS – SERVICE MEMBERS’ PERSONAL INFORMATION STOLEN

The US Military’s healthcare program, TriCare, has confirmed that Science Applications International Corporation will cover the costs associated with notifying almost 5 million beneficiaries whose personal identifying information was stolen in September 2001.  The service member’s information was stolen from backup computer tapes, including Social Security numbers, addresses, and phone numbers.  The massive data theft [...]