ID’s of 2.5M Dead People Used to Apply for Credit
The identities of nearly 2.5 million deceased Americans are stolen or otherwise improperly used to apply for credit every year, according to a study from the fraud prevention firm ID Analytics.
It is believed to ...
Bureau Eyes Discriminatory Lending Via All ‘Legal Avenues’
The U.S. Consumer Financial Protection Bureau said today it will use “all available legal avenues” to go after lenders whose practices discriminate against consumers.
The agency also said it is providing consumers ...
HUD Debars Four Reverse-Mortgage Fraudsters
U.S. housing officials have indefinitely disbarred three South Florida mortgage loan officers and a Pittsburgh title agent after criminal convictions for defrauding elderly borrowers, mortgage lenders and the Federal ...
Reported Foreclosure-Help Scams Up 60%, HPF Says
Foreclosure prevention scams have surged nearly 60 percent this year as new federal programs are launched or enhanced to actually help troubled homeowners.
Announcements of new aid programs for borrowers inevitably ...
‘Green Millionaire Book’ Promoter to Pay $2M in Refunds: FTC
The Federal Trade Commission has halted an online scheme that promoted a “free” book and promised to show consumers how to get “free gas for life” and how to power their homes and cars at no cost.
According ...
U.S. Judge Halts ‘Phantom Debt’ Collection Scheme
At the request of the Federal Trade Commission, a U.S. district court has halted an operation that allegedly collected “phantom” payday loan debts that included harassing calls from India.
The scheme involved ...
U.S. Sues Apple, Top Publishers Over e-Book Price Fixing ‘Conspiracy’
The Justice Department said today it has reached a settlement with three of the largest book publishers in the United States – Hachette Book Group (USA), HarperCollins Publishers and Simon & Schuster – ...
FCC: Carriers Pledge to Make Stolen Smart Phones Useless
AT&T, Sprint, T-Mobile and Verizon will create a system to make stolen smart phones unusable and deter thieves who are increasingly targeting the mobile devices.
The four wireless service providers that cover ...
U.S. Judge Shuts Down More Foreclosure Relief Schemes
A federal judge has imposed a $3.89 million judgment against Samuel Paul Bain, “U.S. Homeowners Relief” and two of his other companies for their role in an allegedly fraudulent mortgage modification and foreclosure ...
Timeshare Resale Scheme Charged Upfront Fee of $1,996
The Federal Trade Commission has halted the telemarketing and timeshare businesses of a South Florida couple that took upfront fees of $1,996 from consumers who thought they were being provided buyers for their ...
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