Category Archives: News

Facebook Security Breach Exposes Accounts of 50 Million Users

 Facebook said on Friday that an attack on its computer network had exposed the personal information of nearly 50 million users.   Identity theft often leads to fraudulent accounts on credit reports and other consumer reports.  Federal law protects consumers in those situations.     Know what’s being reported about you:  

Consumer Protection in the States: A 50-State Evaluation of Unfair and Deceptive Practices Laws

New York Consumer Protection Attorney

The National Consumer Law Center has issued a review of the Unfair and Deceptive Practices Laws of the 50 states and the District of Columbia. Regulations differ drastically, state-to-state. “In many states, they write, “the deficiencies are glaring. Legislation or court decisions in dozens of states have narrowed the scope of UDAP laws or granted […]

Top-Ranking for the Law Office of Adam G. Singer

Adam Singer

 Local business-review website has named the Law Office of Adam G. Singer as one of the three best consumer protection attorneys in Manhattan. This rating was based upon a variety of factors including: “everything from checking reputation, history, complaints, local reviews, nearness, satisfaction, trust and cost to the general excellence.” See Rankings here

Machine-learning promises to shake up large swathes of finance

Artificial Intelligence

As AI advances, the financial industry is propelled into an orbit of seemingly boundless efficiency. What used to take armies of well-compensated attorneys at JP Morgan Chase, and other financial corporations, 100,000s of hours to perform, can now be accomplished by computers in a matter of seconds. Though some remain skeptical, “machine learning” seems poised […]

Even more Explosions Possible at Texas Flooded Plant

Texas Flood

Neighborhoods within a mile and a half of the Crosby, Texas facility that exploded on Thursday have been urged to evacuate as officials warn that more explosions are possible. The chemical plant exploded early Thursday morning. Authorities are concerned about another explosion because chemicals have not been stored at proper temperatures since power went out […]

Big auto lender only checked 8% of applicants’ incomes

Loan Application and Car Keys

Alarm bells are ringing because one of the largest subprime auto lenders in the nation — Santander Consumer USA — only checked the incomes of 8% of its applicants, according to a new report from Moody’s Investors Service. Subprime refers to loans made to people with poor credit. “A lack of income verification…creates more uncertainty […]