Financial & Insurance Fraud
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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Zero Threshold Does Not Cost Dramatically More!

Zero Threshold Does Not Cost Dramatically More

Posted: November 24, 2013 at 2:31 pm   /   Financial & Insurance Fraud

This is from an article in today’s Phila. Inquirer. It demonstrates the wide range of premiums in car insurance, why our clients should comparison shop, and debunks the myth propagated by insurers that the zero threshold results in huge premium increases. What if buying a new laptop were like buying auto insurance? You couldn’t simply […]

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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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OCC Probing JPMorgan Chase Credit Card Collections

OCC Probing JPMorgan Chase Credit Card Collections

Posted: March 13, 2012 at 4:12 pm   /   Consumer News, Financial & Insurance Fraud

American Banker reports on the JPMorgan / Chase fraud: JPMorgan Chase & Co. took procedural shortcuts and used faulty account records in suing tens of thousands of delinquent credit card borrowers for at least two years, current and former employees say. The alleged process flaws sparked a regulatory probe by the Office of the Comptroller […]

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In Stanford Fraud Case, Longtime Friends Become Courtroom Enemies

Posted: January 30, 2012 at 4:19 pm   /   Consumer News, Financial & Insurance Fraud

The NY Times reports on the latest from the Stanford case… R. Allen Stanford and James M. Davis were roommates at Baylor University and trusted friends over three decades who together built an international financial empire. But this week they are scheduled to confront each other in federal court as indicted swindlers ready to cross […]

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