Tech watchdog Krebs on Security reports that the U.S. Secret Service sent an internal alert on November 6 warning that scammers are using the Informed Delivery feature “to identify and intercept mail, and to further their identity theft fraud schemes.” They also want to use the service to “surveil potential identity theft victims” on criminal forums, Krebs reports. […]
Stanford University is facing a new Fair Credit Reporting Act class action with, potentially, over a thousand class members. And it’s not the first time Stanford has faced these claims. Notably, this isn’t the first time that Stanford has faced FCRA claims for the disclosures in their application forms. In 2015, Stanford faced precisely the same […]
Yahoo must pay $85 million and provide free credit monitoring to 200 million people as part of a settlement of what is believed to be the biggest data breach ever. The onetime internet giant, which is now owned by Verizon, has reached a settlement in a class-action lawsuit over the 2013 and 2014 hacks. […]
Members of the 850 Club can be broken into two groups. There are the super-knowledgeable tacticians trying to crack scoring algorithms, and the naturally prudent. Some are prepping for a loan. Others are just credit-score hobbyists. Paul Chua, 40, who works at San Carlos, Calif.-based Helix, a startup focused on personal genomics, is one of […]
Credit scores for decades have been based mostly on borrowers’ payment histories. That is about to change. https://www.wsj.com/articles/want-a-higher-credit-score-soon-your-cash-could-help-1540123200?mod=djemwhatsnews
Only the top 1 or 2 percent of people will have a ‘perfect’ 850 credit score,” Rod Griffin, director of consumer awareness at Experian, tells CNBC Make It. “And it probably won’t stay that way. Scores move up and down as your credit history changes. If you increase your balances, open a new account, […]
Borrowers can have low credit scores, but have to go through an education session about the program and submit all necessary documents, from income statements to phone bills. https://www.cnbc.com/2018/10/12/thousands-line-up-for-zero-down-payment-subprime-mortgages.html?__source=facebook%7Cmain
https://www.cbsnews.com/news/equifax-data-breach-was-a-year-ago-what-has-dc-done-about-it/ What should consumers do? Get your credit reports at AnnualCreditReport.com. By federal law, consumers can get a free copy of their credit report every 12 months from each of the three big agencies — Equifax, Experian and TransUnion. Examine all your listed accounts and loans to make sure that the personal information is […]
Job applicants have important federal rights regarding their background checks. That includes being provided with a copy of a summary of those rights. It also includes important rights concerning inaccurate information on a background check report. https://www.jdsupra.com/legalnews/fcra-developments-updated-summary-of-77049/ More information can be found here
Facebook said on Friday that an attack on its computer network had exposed the personal information of nearly 50 million users. https://www.nytimes.com/2018/09/28/technology/facebook-hack-data-breach.html?smid=fb-nytimes&smtyp=cur 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: https://nyconsumerlaw.com/lawyer/What-data-is-being-reported-about-me-_cp19192.htm