Fraud

Wednesday, July 1, 2020

FBI Warns of Potential Fraud in Antibody Testing for COVID-19


ID theft comes in all flavors.  If you believe your personal identifier information has been compromised, visit annualcreditreport.com for free credit reports or purchase your credit reports and scores at myfico.com (for each of the three bureaus Equifax, Experian, and TransUnion). 

Scammers are marketing fraudulent and/or unapproved COVID-19 antibody tests, potentially providing false results.
Read more . . .


Wednesday, March 18, 2020

Secret Service warns of scams, disinformation campaigns around spread of coronavirus


"There already is a high level of anxiety over the potential spread of coronavirus," FTC chairman Joe Simons said in a statement. "What we don't need in this situation are companies preying on consumers by promoting products with fraudulent prevention and treatment claims. These warnings are just the first step. We're prepared to take enforcement actions against companies that continue to market this type of scam."

Read more . . .


Thursday, August 22, 2019

There are no “quick fixes” to clean up your credit


If you’re trying to clean up your credit, you’ll come across plenty of companies offering an easy fix. But any company promising instant results for a price is likely a scam.

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Monday, December 31, 2018

Wells Fargo to Pay States About $575 Million to Settle Customer Harm Claims


Latest settlement covers retail sales practices and auto-loan, mortgage charges

 

Read more . . .


Tuesday, August 14, 2018

FBI warns banks about potential ATM hacking scheme


The FBI is warning financial institutions that their ATMs could be targeted in a hacking attempt.

The threat was reported Sunday by Krebs On Security, a popular cybersecurity blog run by the journalist Brian Krebs.

Krebs reported that the scheme is known as an "ATM cash-out," which means the attackers can hack a bank or payment card processor and use stolen information to withdraw large sums of money at ATMs worldwide. His report cited a confidential alert the FBI shared with banks last Friday.
Read more . . .


Monday, August 6, 2018

Wells Fargo says hundreds of customers lost homes after computer glitch


Wells Fargo said the computer error affected "certain accounts" that were undergoing the foreclosure process between April 2010 and October 2015, when the issue was corrected.

About 625 customers were incorrectly denied a loan modification or were not offered one even though they were qualified, according to the filing. In about 400 cases, the customers were ultimately foreclosed upon.

https://money.cnn.com/2018/08/04/news/companies/wells-fargo-mortgage-modification/index.html


Read more . . .


Wednesday, August 1, 2018

Wells Fargo has agreed to pay a $2.09 billion fine for issuing mortgage loans it knew contained incorrect income information, the Justice Department announced Wednesday.


This is a developing story. More to come...
Read more . . .


Wednesday, April 4, 2018

How to Avoid a Renovation Nightmare


“Contractor licensing and home remodeling is kind of like the Wild West,” said Adam G.


Read more . . .


Thursday, March 8, 2018

Credit Bureaus Let Wrongdoers Run Amok, Disrupt Mortgage-Seekers


Credit bureaus have reportedly returned to the practice of “trigger listing,” used extensively in the lead up to the 2008 housing market-crisis. Consumer advocate, Ed Mierzwinski, describes the process as follows: When a consumer applies for a loan to purchase property, the credit bureaus alert potential lenders to the transaction; those competitors, which Mierzwinski notes are often the industry’s “bottom feeders,” reach out to the home buyer, claiming to offer a better rate. The problem, according to Mierzwinski, is that this situation breeds deceptive practices, as homebuyers are put under pressure to complete the transaction.

Read more . . .


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