Category Archives: Fraud

Credit Bureaus Let Wrongdoers Run Amok, Disrupt Mortgage-Seekers

Home Loan Sign

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 […]

Elizabeth Warren to Wells Fargo CEO: ‘You should be fired’

John Stumpf

It was déjà vu for Wells Fargo, this week, as senators expressed outrage at the bank’s culture of shady practices. Last year, senators berated (former-CEO) John Stumpf over the millions of fake accounts created in customers’ names. Stumpf’s replacement, Tim Sloan, took the brunt of congressional ire on Tuesday, with Senator Brian Schatz of Hawaii […]

Massive ransomware attack hits 99 countries

Hacking for Profit

Have you been a victim of ID theft?  Check your credit report for errors at   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 […]