We support reforms to the financial marketplace to curb bad practices by banks and lenders.
fraud
Beware of a New Identity Theft Scam
We were alerted of a new identity theft scam by some leading consumer academics and wanted to share it with our readers. Apparently, it’s affecting the MidWest and rapidly spreading. Bottom line, Be informed and NEVER give anyone your personal information when they call you. From the 7/26/12 Credit Slips blog entry: “A heads up regarding Continue Reading
Categories: Credit, Privacy
Tags: credit card, fraud, identity theft, MasterCard, scam, Visa
New details announced on Obama’s mortgage crisis investigation
In his State of the Union Address on Tuesday, President Obama announced the creation of a special new joint federal-state Task Force charged with investigating the mortgage crisis and the resulting damage to homeowners and investors. The Task Force is known as the Residential Mortgage-Backed Securities Working Group. President Obama announced that New York Attorney Continue Reading
Categories: Credit, Mortgages
Tags: foreclosure, fraud, housing, investigation, mortgage, mortgages
Smartphone security threats leave consumers vulnerable to fraud
Is your smartphone protected from hackers? Chances are it’s not. Less than 5 percent of all smartphones are protected by security software, according to a new report by Juniper Research. That means your smartphone could be hacked without your knowledge, leaving you vulnerable to identity theft and financial loss. Security threats are on the rise Continue Reading
Categories: Mobile, Payments
Tags: consumer protection, fraud, smartphone
