(See UPDATE below.)This week, in a decision that has left consumer advocates, privacy experts and even competing identity theft companies scratching their heads, the U.S. District Court for the Central District of California granted Experian's motion for partial summary judgment...
May 2009 Archives
As is often the norm, when laws are passed they often include amendments and provisions that can if not looking for -go overlooked. That's also the case with the recent credit card reform -CARD ACT, bill signed by President Obama...
Please take time this Memorial Day holiday to say thank you to a veteran, and think about the sacrifices our troops and their families have extended to keep us all safe. Their courage and their strength is remarkable, honorable and...
It's about time some commonsense rules got applied to the credit card industry. But will new regulations really stop abusive practices, or will they simply be treated as a minor speed bump on a long road filled with various tricks...
The University of California-Berkeley recently acknowledged that hackers breached a database of the university's health system records, including 160,000 names and Social Security numbers.UC Berkeley said it was notifying the people affected about possible identity theft or fraud, but the...
The Credit CARD Act just passed in the Senate on a 90-5 vote. It is expected that the House will revisit the bill as early as tomorrow. The Senate passed legislation Tuesday designed to protect consumers from arbitrary increases...
From Americans For Fairness in Lending; The Senate is scheduled to vote today on H.R. 627, which passed the House on April 30. The bill will be amended according to an agreement reached between Senators Dodd and Shelby, who...
An identity theft ring that included bank employees, bank supervisors and a postal worker used counterfeit checks to steal at least $100,000 across South Florida in recent months, police said Friday.Of 46 people suspected of being in the ring, 24...
The NYPD cracked open a sophisticated identity theft ring that ruined the credit of 6,000 victims and rang up $15 million in fraudulent bank credit card charges.The scam was one of the largest operations of its kind.The thieves managed to...
Advanta the Pennsylvania based bank has announced that it will shut its credit card lending business June 10th. Lately many consumers who have paid their accounts on time and been long time cardholders have reported receiving notices of extreme rate...
60 MINUTES is working on a story about the credit card industry and is interested in talking with current and former credit risk managers with first-hand knowledge of behavioral targeting, risk modeling, predictive analytics, assessing and flagging card holders as...
Borrowers who find themselves fighting to save their homes are being labeled deadbeats who don't pay their mortgages. Watch these below videos and then ask yourself if that's the truth -or just the spin. If you don't receive a monthly...
A band of brazen thieves ripped off hundreds of New Yorkers by rigging ATMs to steal account and password information from bank customers. (see video below)They used the pilfered info to swipe half a million dollars from their victims' bank...
We love our parents and grandparents and even our elderly neighbors, and so do identity thieves. This Mother's Day, show your love by protecting the seniors in your life from fraudulent telephone solicitors, Internet scams, and unsolicited mail.ID thieves target...
A recent survey on identity theft points out that woman have a higher risk of identity theft than men do. And women also more concerned about identity theft, spend more time and lose more money -when a theft occurs. The...
Caution -if you're tired of the lending industry ruling our world, taking bailout funds and not helping helping struggling borrowers, watching the below video may outrage you. On the eve of introducing Senator Durbin's Helping Families Save Their Homes Act...
A Montana man with a disabling brain injury told debt collector lawyers that the time limit for seeking payment on a debt they claimed he owed had expired and that a lawsuit had been dismissed before. But a North Dakota...
Twitter has become a growing phenomenon, a unique social networking site that revolves around one simple question, "What are you doing?"At the outset most people would respond with a big "Who really cares?" But as it turns out, just about...
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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