Borrowers continue to find it difficult, if not impossible, to obtain assistance from their lenders and mortgage servicing companies when trying to rectify problems or modify loans. They not only get the run-around but now they are paying a high...
April 2009 Archives
April 29, has been designated as Arbitration Fairness Day in Washington, D.C.As Americans for Fairness in Lending and more than sixty other national groups explained in a letter to Congress, there is nothing wrong with arbitration if it is "agreed...
A spam e-mail claiming to be from former Customs and Border Protection (CBP) Assistant Commissioner, Thomas S. Winkowski, is currently being widely circulated on the web. Much like other scams, it uses the name of a federal government official to...
Federal Trade Commission slaps Academy Collection Service, Inc. with the largest penalty fine ever in a debt collection case. Keith Dickstein, owner of the company, has agreed to pay the fine of $2.25 million. Over 1,000 complaints have been filed...
Emails with pictures of Osama Bin-Laden hanged are circulating the web again. But if you fall for this email and open the attachment -your computer will crash and you will not be able to fix it! This e-mail first appeared...
ALBANY - A former state Tax Department worker stole the identities of thousands of New Yorkers and racked up more than $200,000 in bogus credit card charges.Walter Healey, tapped the personal info of more than 2,000 victims and set up...
Arbitration Fairness Day takes place on April 29th. Just a few days ago, Fair Arbitration Now.org launched a new Coalition, Campaign and Petition to stop unfair forced arbitration practices that currently run rampant in consumer contracts. The petition already has...
House Financial Services Committee passed the Credit Cardholders' Bill of Rights by a 48 to 19 vote. The bill is expected to go to a full House vote next week. President Obama who clearly agrees the current credit card practices...
We've all heard of their power. In fact, we can't do much in life without their say-so. It's safe to say that few have had the opportunity to meet them face to face. Arguably, they are seldom if ever referred...
Kudos to the tell it like it is Harvard Law Professor and Chairman of the Congressional Oversight Panel on TARP, Elizabeth Warren, who made an appearance on the Daily Show last week. Jon Stewart calls her appearance "Financial chicken soup...
Finally some good news to report. Following a nine day trial in the United States District Court for the Northern District of California. The jury awarded Plaintiffs, Manuel and Luz Fausto, $500,000 in their suit against Credigy Services Corporation. The...
A CBS News reporter is currently working on a story about the credit card industry and would like to talk off-the-record with any current or former bank employees that have direct knowledge of behavioral targeting, balance chasing and assessing customer...
Emails claiming to offer a $50 - $80.00 reward for simply filling out a McDonald's customer satisfaction survey, have been circulating on the web. It's a scam devised to steal your credit card information. Don't fall for it.The email congratulates...
As the recession pushes more people into debt -more and more debt is turned over to collection companies all too eager to engage in abusive and illegal collection practices. When debt collectors are overly aggressive they often through caution out...
You can. If you're like thousands of Americans, you have credit card debt. In this economy, making that credit card payment every month--even just paying the minimum--can be difficult, especially since, odds are, you're paying a pretty high rate of...
Caller ID spoofing is a term used to refer to the practice of causing your telephone network to display a number on your caller ID display which is not that of the actual entity or place the call is originating...
ORLANDO, Fla. -- An Orange County woman was thrown in jail for a crime she didn't commit. LaTanya Brown spent 16 hours in the Orange County Jail on Saturday morning because of a case of mistaken identity.Two years ago, Brown...
SALISBURY, MD -- As many as 100,000 patients of Peninsula Orthopaedic Associates are being warned to protect themselves against identity theft after tapes containing patient information were stolen.In a letter mailed this week, Chief Executive Officer Brian K. Mathias told...
Recently a guest blogger, Scott Taylor, offered an insightful view of the credit card industry based on his inside knowledge. If you missed it see; A Credit Card Industry Insider Shares Truths; Why He Left After 20 Years here. Today...
The Identity Theft Resource Center's 2008 Data Breach Report released in January indicated a dramatic increase in data breaches -an almost 50% increase over 2007. It's easy to see why! Listed below are the results of a quick search for...
If you receive an email advising you that you are being nominated for the Oprah Millionaire contest -unfortunately, it's a scam. The FBI is warning consumers to beware of a new email scam that claims to come from The Oprah...
Medical identity theft doesn't just do a number on your credit report it can also leave potentially deadly information in your medical file! I've often written about the various forms of identity theft but medical identity theft is something that...
Larry Gibson filed suit against his former employers, Nye Frontier Ford, Inc., and Nye Frontier Lincoln Mercury, Inc. in the Alaska superior court seeking to recover unpaid overtime compensation and liquidated damages. Gibson alleged he was owed in excess of...
On March 31, the Senate Banking Committee voted to approve S. 414, the Credit CARD Act. Two days later, on April 2, the House Financial Institutions and Consumer Credit Subcommittee voted to approve H.R. 627, the Credit Cardholders Bill of...
Kids make perfect targets for identity thieves because the theft of a child's identity can go undetected for a long period of time. Often, the theft isn't discovered until a young adult is denied a student loan, credit or employment,...
A new mischievous type of phishing variant, known as "spear phishing"--is a rising cyber threat that you need to know about.Image via WikipediaInstead of casting out thousands of e-mails randomly hoping a few victims will bite, spear phishers target select...
A memoir exposing the steep price consumers pay when facing mortgage servicing errors, inaccurate credit reporting, illegal debt collection practices, identity theft and weak consumer protection laws. THE BOOK » DENISE'S STORY »
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