Have you been a victim of ID theft? Check your credit report for errors at annualcreditreport.com. Tens of thousands of ransomware attacks are targeting organizations around the world on Friday. Cybersecurity firm Avast said it has tracked more than 75,000 attacks in 99 countries. It said the majority of the attacks targeted Russia, Ukraine and Taiwan. The ransomware locks […]
Wells Fargo has reached a $110 million preliminary settlement to compensate all customers who claim the scandal-ridden bank opened fake accounts and other products in their name. It’s the first class action settlement by Wells Fargo since authorities revealed in September that the bank opened up to 2 million fake accounts to meet unrealistic sales […]
Congressman Bob Goodlatte, introduced a bill ironically titled “Fairness in Class Action Litigation Act,” which passed through the House Judiciary Committee two weeks ago. Its passage was a remarkable feat of avoiding public notice or debate, with Goodlatte ramming through the legislation in the middle of the night, voting down all amendments along party lines, […]
Did you get a telemarketing robocall five or six years ago offering a “free cruise” in return for taking a short survey? If you did, and you can prove it, you can get about $500 for each one of those illegal calls. Florida-based Caribbean Cruise Line and its two co-defendants — Vacation Ownership Marketing Tours […]
A new legal settlement from the Consumer Financial Protection Bureau alleges that Experian, one of the big three credit-reporting bureaus, “deceptively marketed credit scores to consumers by misrepresenting” them as “the same” as what their lender would use in determining whether and on what terms to offer them a loan. In fact, said the […]
The CFPB’s vision is rooted in the obligations and rights set forth in the Fair Credit Reporting Act (FCRA) and Regulation V.1 In the last two years, we identified failings in compliance management systems and violations of law both at CRCs and at furnishers. As a result, we have directed specific improvements in data accuracy […]
The bank is upgrading all 13,000 of its ATMs to process withdrawals using smartphones rather than debit cards. Chase and Bank of America plan to roll out their own version of cardless ATMs, too. Read More
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Handing over your credit card to your teenager might not seem like a good idea. But it might actually be a smart financial move. Not only can it help kids learn money management skills, it can also help their credit score. Adding a child as an authorized user on a parent’s credit card can give […]
Experian says that the biggest component of credit card fraud trends is the fact that 2016 was a record year for data breaches. There were 1,093 breaches, a 40% increase from 2015, according to the Identity Theft Resource Center. Meanwhile, the Federal Trade Commission recently revealed a jump in consumers who reported that their stolen data […]