Credit Card Fraud Penalties

Have you ever got a credit card bill that listed buying from places you have never been, listing such a huge credit card debt, which could easily give you a heart attack? Then you have been a victim of credit card fraud and you know how frustrating it is! Credit card fraud is any theft or fraud committed by using a a stolen credit card for payment. It is classified as theft of identity. It is taken as a serious crime by the federal law and involves serious penalties. [more...]

Date: 2009-09-04 01:14:00

Blog posts (262) | Videos (20)
 

Did Racism Help Cause the Mortgage Crisis? The Bubble Bursts

Carter Glass copyright © 2008 Ralph Brauer. The Strange Death of Liberal America In 1997 the FDIC published an imaginary interview with Carter ... up in that position because they could not have qualified for other loans. Yet data from a 2002 Fannie Mae report dispels this notion. It found: Credit quality alone therefore does not fully explain [more...]

Date: 2008-12-23 03:29:43

Father Kovac on Our Country’s Financial Crisis/My Pure Nonpartisan Solution

A reminder: Father Kovac, who now lives in Ohio, still spends too much time watching a certain right-leaning news channel ... by obtaining a credit bureau report first and determining credit worthiness. A small portion of them were ... for you: Credit is a privilege, not a right granted by the Constitution. Beginning in 1960, I worked [more...]

Date: 2008-09-26 13:21:04

The Scariest Spam Titles

Most of the time, it’s easy to recognize spam just from the title alone.  For instance, “You have a postcard!”, “You’ve Received a Greeting Card! ... the report of your activities in the past 6 month that we have attached. We strongly advise you to stop ... called “McAfee Email Scan Report.”  I never open it. Scary Spam Title #2 - UPS Mail Support If [more...]

Date: 2008-11-11 16:00:40

Consumer Fraud and Elders

[EDITORIAL NOTE: The new, non-election campaign Issues post begins on Sunday. You can find out more about it here ... (FTC), I was delighted to learn the following: “In all cases, consumers 65 years of age or older were ... much less likely than younger consumers to report purchasing a fraudulent weight-loss product. Less [more...]

Date: 2008-11-21 10:33:48

As Financial Crisis Spreads, So Does Phishing

As the worldwide financial crisis deepens, typical of any such event, there are those who are going to try to take advantage of it ... to acquire sensitive information such as passwords, credit card numbers and Social Security numbers, by using ... organization. The FTC has warned about similar attempts to co-opt your financial information, using [more...]

Date: 2008-10-10 20:01:15

Do It Yourself Credit Repair

by Landon McGehee With each day that passes, a poor credit rating will become more of an expense. Improving your credit score really does pay off ... in return, pose some questions for you to consider. Advertisements for various credit repair services ... of immediate credit repair that is “100% guaranteed”. Some wise advice from the Federal Trade [more...]

Date: 2008-10-13 15:48:10

EFC12 Series: Couplings

EFC12 Series: Couplings The 9/32" flow EFC Series couplings feature a high efficiency valve design that provides for greater flow capability than any ... Oil Recovery Platform 4 Dow Receives FTC Request For Additional Information Regarding Proposed ... Production Milestones And... 9 CF Industries Holdings, Inc. To Present At 2008 Credit Sui [more...]

Date: 2008-09-22 12:14:10

Credit Repair is Easier - And Quicker - Than You Think!

by Mark Alison Regardless of your record or history, there are a number of quick & easy steps you can take towards credit repair ... consumers to a free copy of the credit report, one from each of the three agencies: TransUnion ... your credit. For every entry that is incorrect, inaccurate, or outdated, you will be filing a dispute [more...]

Date: 2008-11-26 15:45:27

Did Racism Help Cause the Mortgage Crisis? The Bubble Bursts

Carter Glass In 1997 the FDIC published an imaginary interview with Carter Glass that predicted what would occur with the repeal of the ... . Yet data from a 2002 Fannie Mae report dispels this notion. It found: Credit quality alone therefore ... of credit scores is one of the most widely-used sources. Authors Rick Brooks and Ruth Simon reported [more...]

Date: 2008-12-15 00:20:33

Though national statistics are trending downward, millions of Americans still at risk for identity theft.

Fairfax Connection- Though national statistics are trending downward, identity theft remains one of the most prevalent crimes in the country ... a monthly fee to contact each of the three major credit bureaus and put a fraud alert on a client’ ... , creditors and other institutions in order to restore their credit back to its original state. The mean [more...]

Date: 2008-10-08 15:37:54

Your Guide to Do It Yourself Bad Credit Repair

by Landon McGehee With each day that passes, a poor credit rating will become more of an expense. Improving your credit score really does pay off ... in return, pose some questions for you to consider. Advertisements for various credit repair services ... of immediate credit repair that is “100% guaranteed”. Some wise advice from the Federal Trade [more...]

Date: 2008-11-04 08:35:48

How To Avoid Credit Repair Scams And Get Your Credit Repaired Safely

Sep 18th, 2009by Steven Mueller. The FTC or Federal Trade Commission investigates consumer complaints of fraud and unfair business practices throughout the US for more than 90 years. They also inform and educate the consumer with published information on credit repair and credit repair agencies.Some credit repair agencies have been charged with making fraudulent claims and you should be aware of this. [more...]

Date: 2009-09-18 09:14:42

Recognizing Credit Repair Scams

Recognizing Credit Repair Scams by Tawana RashingBuyer beware when it comes to credit repair services. As the FTC has pointed out, there are way too many scam companies out there offering impossible promises on credit repair. Perhaps these lines sound familiar: ?Bad credit? No problem? or ?Erase bad credit forever – 100% guaranteed!?The bad news is – any company claiming credit repair is that easy is a scam, plain and simple. [more...]

Date: 2009-08-30 13:20:48

US Fails to Protect Against the Living Dead & Other Dangers

The week of August 7th, 2008 the amount of malicious spam a single computer user received finally overtook health and product spam. Meant to exploit holes in your operating system, get credit card information from you, or simply ... for American Progress and the Center for Democracy and Technology have released a report which shows [more...]

Date: 2008-08-13 18:56:59

Grieving Families Suffer Further as Identity Thieves Target the Recently Deceased

There is much to deal with after the passing of a family member, the last thing you think you would have to do is deal with credit applications ... is different than the one in the applicant's main credit file. This new FTC rule just went into effect ... was stolen and used to apply for AMEX and BestBuy among other credit cards. Identity theft accounted [more...]

Date: 2009-01-09 22:31:36

FTC Extends Red Flags Compliance Deadline to May 1, 2009

Some of you might have heard this already, but this is a good article:Link to source: F&I Magazine WASHINGTON — In an unexpected move, the Federal Trade Commission (FTC) announced that it will delay its planned enforcement deadline ... into effect Jan. 1 of this year. The original compliance deadline was Nov. 1. The FTC explained [more...]

Date: 2008-10-23 13:36:00

The Fed's Web Takeover

What is the definition of “your data”? The answer may determine the future of the Internet – and, more broadly, of communications media, the users that derive value from them, and the marketers that depend on them. The combination of the word “data” or “information” with a personal possessive pronoun lies at the heart of the current debate [more...]

Date: 2008-08-20 14:15:25

Key Bank's "One-Two Punch"

Last week, we described how Key Bank has partnered with dozens of unlicensed and unaccredited trade schools to help thousands of students take on ... Preservation of Claims and Defense Rule. Otherwise known as the FTC Holder Rule, this regulation requires ... argues that it is not subject to the rule because it is not regulated by the FTC but by the [more...]

Date: 2008-12-17 20:20:04

A "Key" Tactic to Undermine Consumer Protections

Yesterday at Higher Ed Watch, we wrote about how Key Bank has partnered with dozens of unlicensed and unaccredited trade schools to provide ... Rule, otherwise known as the FTC Holder Rule, to regulate private, nongovernment loans. The rule ... to regulations carrying out the law, the FTC said that by holding loan providers accountable [more...]

Date: 2008-12-11 22:00:00

Credit Repair Service - Get Help For Credit Card Debt

by William Blake Credit cards are great, but if not used with common sense and self-control, can easily break your bank and peace of mind ... Commission (FTC) has come up with some safety tips for those of you to choose a credit repair or debt ... that you have to pay to get your own credit report, get up and leave. You are allowed one, two or three free [more...]

Date: 2008-11-05 10:42:42

FTC Moves against Fake AntiVirus "ScareWare" companies

Microsoft may be getting all the press this month about Fake Antivirus products, but the Federal Trade Commission deserves some high praise as well. We'll get to the FTC stuff below, but first I wanted to mention that most of the press I've seen ... as any other threat. In their Security Intelligence Report 5 they described Zlob infections [more...]

Date: 2008-12-10 20:52:00

The New Identity Theft Red Flags Rule: Does it Raise “Red Flags” for Information Security?

On May 10, 2006, President Bush signed an Executive Order creating the nation’s “first ever” Identity Theft Task Force ... of the Federal Trade Commission (FTC), was “to help law enforcement officials investigate ... , the Task Force produced its final report, Combating Identity Theft:  A Strategic Plan.  Approximately 20 [more...]

Date: 2008-10-22 03:20:41

What can a Collection Company do?

by JR Rooney What is a collection company? The two most likely scenarios are. Some creditors will actually use a separate company name, address, and phone number for their internal collection departments, in order to give the impression of an “outside” agency, on the theory that debtors will take it more seriously [more...]

Date: 2008-09-16 09:59:22

Appraisal and Ratings Fraud Documented

From Mario Kenny — see comments posted to blog As we have stated repeatedly, the logistics were simple: (a) ... community-based orgarizations that promote access to basic banking services, including credit and savings ... NRSROs’), more commonly known as credit rating agencies (”CRAs”), substantially contributed [more...]

Date: 2008-12-01 15:58:17

Bank turmoil windfall for fraudsters

The ongoing market carnage has given rise to a huge phishing boom, security experts say ... an e-mail, into surrendering private information such as password, credit card and bank account numbers with the object of fraudulently using them. The US Federal Trade Commission (FTC) has issued [more...]

Date: 2008-10-14 04:54:02

How to use The Fair Debt Collection Practices Act to your advantage

If you’ve ever been forced to deal with debt collectors you have probably wondered what sort of laws govern the way they do business - if any! ... as they don’t discuss your account with the person they contact. • Report your delinquent status to a credit bureau, unless you are currently disputing the debt. • Call you at work, unless you tell them [more...]

Date: 2008-09-03 13:31:33

How to Report a Case of EBay Fraud

eBay is a wonderful and obviously very popular place to buy and sell items. However, there are times when fraud does occur ... and will never recover any money for you. The Federal Trade Commission (FTC) will allow you to file ... and no one will investigate your case. What you should do is immediately file a fraud report at the Auction-Safety [more...]

Date: 2008-07-06 18:20:45

FLOW-SENTRY&#153 In-Line Crushing Device

FLOW-SENTRY&#153 In-Line Crushing Device The Flow-Sentry is a fully enclosed crushing device that exercises a single set of rotating blades to impact ... Enhanced Oil Recovery Platform 4 Dow Receives FTC Request For Additional Information ... Credit Suisse Chemical And Ag... 10 Dow Water Solutions Launches Joint Development Partnership [more...]

Date: 2008-09-22 14:00:47

Did Racism Help Cause the Mortgage Crisis? The Rise of Sandy Weill and Citigroup

Photo: United for a Fair Economy The State of the Dream Sandy Weill’s story tells how racially-biased predatory lending lies at the center of the ... in his chips and set about looking for his own business. In 1986 he settled on a Baltimore loan company named Commercial Credit that specialized in predatory lending. The tale of how Weill would use [more...]

Date: 2008-12-11 16:53:16

The Truth About Credit Repair

The Truth About Credit Repair This is a guest post from Debt Lead, who has a debt consolidation website by Kimberly Credit Counseling ... they are able to “repair your credit”. Time is the only way to heal your credit report. By making consecutive ... on your credit report, you can follow these simple steps: Contact the local credit bureaus. Obtain a [more...]

Date: 2008-06-12 15:30:25

Many firms don’t protect against identity theft

Many businesses, especially small ones, are not protecting customers from identity theft as required by federal law, ... customers’ private information Identify potential red flags for identity theft, a credit report that doesn ... and Accurate Credit Transactions Act - better known as FACTA - are mandatory as of Nov. 1. Penalties [more...]

Date: 2008-07-14 14:19:12

moving your money to a safer bank. *Based on FDIC data from March 2008. ... » Banks and Fraud: Bank of America Better Than Expected? » More Credit Card Customers at Risk ... . Dovetailing nicely with my article on how to freeze your credit record, Ben talked [more...]

Date: 2008-07-16 10:10:35

Pumping Skids

Pumping Skids Sonic's Pumping Systems are custom designed to meet your various pumping needs ... ... 3 Dow Receives FTC Request For Additional Information Regarding Proposed... 4 Performix Joins ... To Address Credit Suisse Chemical Conference ... 6 Ashland Inc. Chairman And CEO O'Brien Speaks [more...]

Date: 2008-09-26 18:06:42

NJ car salesman pleads guilty to charges of fraud and identity theft

18 fraudulent loans were detected with a total value of $715,000 Link to source article ... their knowledge or consent, according to a report published in the Atlanticville newspaper. Overall, four ... and North Fork Bank. The Safeguards Rule imposed by the FTC in 1999 is supposed to require adequate [more...]

Date: 2008-09-19 13:17:00

Zany: Or not so much...Protect yourself from identity theft

If you don't think it can happen to you...think again. Identity theft is on the rise and you may be the next victim ... procedures of what to do in the case of identity fraud. I filed a report with my local police department ... to you! Please take a moment to visit the FTC Identity Theft site. Begin by reading the Avoid Identity [more...]

Date: 2008-10-17 14:18:12

How to Keep Criminals away from Your Personal Information

by Michael Benifez Identity theft is becoming the fastest growing crime problem in the United States, ... and using the names, addresses, bank account information, credit card numbers, and Social Security ... when an insider, like an employee or a contractor, gets hold of credit reporting information [more...]

Date: 2008-08-10 20:49:04

Literary Warrant [38]

Handelingenkamer Tweede Kamer der Staten-Generaal den Haag from Candida Höfer, Libraries (London: Thames & Hudson, 2005)"The spirit of rhetoric trumps the spirit of modern philosophy—not quite canceling its dark vision but placing it in a context of ongoingness exemplified by the sense that invention is always available if one can stop fretting [more...]

Date: 2008-12-01 20:16:00

What Is A Third Party Collection Agency?

What Is A Third Party Collection Agency? The word collection agency is generally applied to third-party agencies, labeled as such due to the fact that they were not a party to the original contract. The creditor places accounts directly to such an agency on a contingency-fee basis, which ordinarily at first costs nothing to the creditor or merchant, except for the cost of communications. [more...]

Date: 2009-09-18 23:52:55

p2pnet World Headlines – Sept 30, 2009

Two-Thirds of Americans Object to Online Tracking New York Times About two-thirds of Americans object to online tracking by advertisers — and that number rises once they learn the different ways marketers are following their online movements, according to a new survey from professors at the University of Pennsylvania and the University of California, Berkeley. [more...]

Date: 2009-09-30 18:20:04

Center Jet Full Cones (459 Series)

Center Jet Full Cones (459 Series) Lechler CenterJet nozzles utilize a turbine style center of three or more blades for uniform coverage and thorough ... First Integrated Enhanced Oil Recovery Platform 4 Dow Receives FTC Request For Additional ... . To Present At 2008 Credit Suisse Chemical And Ag... 10 Dow Water Solutions Launches Joint [more...]

Date: 2008-09-13 01:24:14

Credit scores are good for auto insurance companies, but problematic for African-American and Hispanic consumers

Asa Aarons:Those are the mixed findings from a Federal Trade Commission study on credit-based insurance scores and automobile insurance ... on information in a consumer's credit report. Insurance companies use them to predict the claims that consumers ... pay, on average," the report noted.The FTC could not suggest any alternative that would help [more...]

Date: 2007-08-28 12:20:00

More than 1 Million Ways to Infect Your Computer

An unknown hacker has been on a Search Engine Optimization rampage to flood search engines with more than a million ways to infect yourself with his virus. This is the first major "Scareware" infection we've seen since writing about the Federal Trade Commission's action in our December 10th blog post, FTC Moves Against Fake Anti-Virus [more...]

Date: 2008-12-23 17:03:00

Blog Scams: Get Rich Quick and Work From Home Scams

In Flipping Blog Scams MMO Niche is Full of Jerks, Garry Conn takes on the scams associated with Make Money Online Niches (MMON) and reselling domain names and sites: It takes a lot to get me upset; however, when I witness people within the MMO niche that act like a bunch of middle school kids making fun of the ugly girl who dropped her books in [more...]

Date: 2008-10-07 00:31:30

Constellation Battles Debt, Builds Premium Brands

Constellation is mainly concerned with building its premium brands and paying down debt, ceo Rob Sands told listeners at the Morgan Stanley consumer conference today. When asked about the negative effects of recent price increases on Constellation’s wine biz, Rob said everything was business as usual [more...]

Date: 2008-11-19 15:51:08

XDS Transmission OptiProbe™ Analyzer

XDS Transmission OptiProbe™ Analyzer With the FOSS XDS Transmission OptiProbe™ Analyzer you can replace routine tests, reduce product hold time, ... 4 Dow Receives FTC Request For Additional Information Regarding Proposed... 5 Linde ... And... 9 CF Industries Holdings, Inc. To Present At 2008 Credit Suisse Chemical And Ag [more...]

Date: 2008-09-22 11:22:45

Weekend News Digest

Weekend News Digest is an Open Thread From Yahoo News Top Stories 1 Europeans already looking beyond Bush presidency By DEB RIECHMANN, Associated Press Writer 17 minutes ago WASHINGTON - President Bush's motorcade will speed through European capitals next week, but for many Europeans, the Bush presidency already is in their rearview mirrors [more...]

Date: 2008-06-03 05:13:34

Excellent Article Summarizing Many Areas of Foreclosure Litigation

Current Trends in Residential Mortgage Litigation BYLINE: Daniel A. Edelman*; *DANIEL A. EDELMAN is the founding partner of Edelman & Combs, of Chicago, Illinois, a firm that represents injured consumers in actions against banks, mortgage companies, finance companies, insurance companies, and automobile dealers. Mr [more...]

Date: 2008-11-29 23:50:20

Time To Outlaw Negative-Option Marketing? Ultra Relief Sends Surprise Shipments And Bills To Utah Customers

Ever hear of "negative-option" marketing? You probably have - if you sign up for a free trial of a product and took the time to check the fine print, ... . She gave the company her credit card number. Sample packets of creme subsequently received. Then surprise, surprise. Her credit card was suddenly billed for $134, and for the next two months [more...]

Date: 2008-10-24 06:31:58

Tips for Women on Building Their Credit Score

During this political campaign, women have proven that they are qualified and capable to hold the highest political offices in our country ... of her credit score. Since this directly affects her financial future and the rate she will pay for any loan, women of all ages and stages must understand and take positive steps to build their credit score [more...]

Date: 2008-09-05 01:14:47

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