Consumer News
Consumer trends for 2014

Hot Consumer Trends for 2014

Posted: January 2, 2014 at 11:29 am   /   Consumer News

Consumer Affairs’ Mark Huffman reports on the hottest consumer trends we can expect to see emerge this year… Ann Mack, Director of Trendspotting at JWT, a global advertising agency, has spent the last eight years identifying what’s hot and what’s not. She says 2014 won’t bring abrupt changes but rather an evolution of trends that […]

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what are the types of fraud

What Are the Types of Fraud?

Posted: December 27, 2013 at 11:43 am   /   Consumer News

Frauds can be categorized by the type of victim involved. The most common groups of victims encountered by investigators include: – Investors – Creditors – Businesses – Banks or other financial institutions – Central or local government – Fraud by manipulating financial markets Frauds can also be categorized by the technique or activity used by […]

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Mortgage firm accuse of foreclosure abuses

Mortgage Firm Accused of Foreclosure Abuses

Posted: December 5, 2013 at 1:17 pm   /   Consumer News, Personal Protection, Real Estate Fraud

NJ.com reports that PHH Mortgage Corporation has agreed to a $6.35 million settlement over alleged foreclosure abuses… A mortgage company that allegedly misled homeowners struggling with their payments has agreed to a $6.35 million settlement with the state and borrowers. Mount Laurel-based PHH Mortgage Corp. faced charges of violating the New Jersey Consumer Fraud Act […]

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Consumer Financial Protection Bureau Doing Good Work!

Consumer Financial Protection Bureau Doing Good Work!

Posted: November 25, 2013 at 2:15 pm   /   Consumer News, Financial & Insurance Fraud, Personal Protection

CFPB recently announced enforcement action against payday lender: Today we’re announcing an enforcement action against payday lender Cash America International, Inc., one of the largest short-term, small-dollar lenders in the country. The company has agreed to reimburse up to $14 million to approximately 14,000 people for robo-signing practices related to debt collection lawsuits. The company […]

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Shocking Thefts at Non-Profits

Shocking Thefts at Non-Profits

Posted: November 23, 2013 at 3:21 pm   /   Consumer News

There has been a good deal of talk recently about theft and embezzlement at non-profits. The Washington Post published this above-the-fold article entitled, Inside the Hidden World of Thefts, Scams and Phantom Purchases at the Nation’s Nonprofits, which is quite thorough and illuminating. For 14 years, the American Legacy Foundation has managed hundreds of millions […]

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Bank Fees Up Dramatically

Bank Fees Up Dramatically

Posted: November 23, 2013 at 2:37 pm   /   Consumer News, Financial & Insurance Fraud, Personal Protection

Bankrate.com surveys bank fees annually and has found the costs associated with checking accounts haven’t gone up a little; they’ve gone up a lot! Check out how much the following fees went up from 2007 to 2012: Average overdraft charge — up 11%. Average ATM surcharge — up 40%. Average monthly service fee — up […]

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