12.6 Million Reasons Why Identity Theft Matters

Identity Theft

12.6 Million Reasons Why Identity Theft Matters

12.6 Million Reasons Why Identity Theft Matters

If you still believe identity theft is a marketing gimmick, it’s time to take a look at the Federal Trade Commission report released this week. Identity theft is once again the top complaint in America, as it has been for 13 years. Identity theft complaints surged by 32 percent in 2012 to nearly 370,000, and… Read More

This Week in Credit News: Identity Theft Galore

Identity Theft

This Week in Credit News: Identity Theft Galore

This Week in Credit News: Identity Theft Galore

The biggest news this week is all about identity theft, after the Federal Trade Commission released a report stating that more Americans have reported being victims than ever before. Identity Theft Among Top Complaints Fielded by the FTC The FTC’s annual report examining the consumer complaints it has received showed that identity theft is on… Read More

Identity Theft Among Top Complaints Fielded by FTC

Identity Theft

Identity Theft Among Top Complaints Fielded by FTC

Identity Theft Among Top Complaints Fielded by FTC

Instances of identity theft have been on the rise nationwide for some time now, and climbed to an all-time record high in terms of the number of incidents reported to one federal agency last year. There were a total of 369,132 cases of identity theft reported to the Federal Trade Commission last year, up from… Read More

This Week in Credit News: The Truth About Report Errors

Credit Score

This Week in Credit News: The Truth About Report Errors

This Week in Credit News: The Truth About Report Errors

The biggest news this week revolved around a piece on “60 Minutes” about a Federal Trade Commission report on the accuracy of credit reports. Are Mistakes Ruining Your Credit Report? Credit.com’s Director of Consumer Education Gerri Detweiler took a look at the FTC report, which found that one in five consumers have errors on their… Read More

Deceptive Mortgage Ads Targeted by New CFPB, FTC Initiative

Mortgages

Deceptive Mortgage Ads Targeted by New CFPB, FTC Initiative

Deceptive Mortgage Ads Targeted by New CFPB, FTC Initiative

The Consumer Financial Protection Bureau and the Federal Trade Commission are taking on deceptive mortgage advertising and marketing in the latest enforcement actions from the government agencies. Specifically, the two agencies worked together in a sweep of more than 800 mortgage ads to assess whether the ads violated the Mortgage Acts and Practices — Advertising… Read More

FTC Cracks Down on Robocall Fraud

Personal Finance

FTC Cracks Down on Robocall Fraud

FTC Cracks Down on Robocall Fraud

In the past several months, as many as a few million consumers nationwide have received automated phone calls from someone claiming to be “Rachel” from “Cardholder Services,” but the FTC recently cracked down on the companies responsible for this misleading telemarketing effort. These robocalls told consumers that they could receive significant cuts to their current credit… Read More

5 Ways to Stop Robocalls Now

Personal Finance

5 Ways to Stop Robocalls Now

5 Ways to Stop Robocalls Now

Would you like to know how to stop robocalls; those annoying automated phone calls that interrupt you at home or work with a recorded message? So would some 17,000 consumers who live in Indiana who took the time to file a complaint with the state. And so would the Federal Trade Commission, which is offering a… Read More

Equifax Settles Claim It Wrongfully Sold Homeowner Data

Credit Score

Equifax Settles Claim It Wrongfully Sold Homeowner Data

Equifax Settles Claim It Wrongfully Sold Homeowner Data

Between early 2008 and early 2010, one of the best-known names in credit reporting sold data on certain delinquent homeowners to third parties, and that information was then re-sold. However, two of the companies involved have now settled cases with the FTC over the actions. The Federal Trade Commission recently reached settlement agreements with both… Read More

Court Shuts Down California Debt Collectors

Managing Debt

Court Shuts Down California Debt Collectors

Court Shuts Down California Debt Collectors

A federal court has halted the operation of seven debt collection companies in California accused of illegally lying to consumers, some of whom didn’t owe any debts at all. According to the lawsuit by the Federal Trade Commission, the companies falsely claimed that consumers had been sued, and faced arrest or seizure of property if… Read More

FTC Orders Refunds For Those Tricked into Prepaid Cards

Credit Cards

FTC Orders Refunds For Those Tricked into Prepaid Cards

FTC Orders Refunds For Those Tricked into Prepaid Cards

More than 110,000 consumers who applied for online payday loans but were tricked into paying for prepaid cards instead will be getting a check in the mail, thanks to a settlement reached by the Federal Trade Commission (FTC) announced by the agency on August 31. While the total amount being refunded is large—$1.9 million—the checks… Read More

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