Last Week... Today! iTod's e-News Recap (May 1, 2017)
Each week iTod rounds up the latest financial news from across the United States (and, occasionally, from around the world) so you needn't bother. Highlights for the week of April 24th through the 28th, include an FTC Announcement on Identity Theft; Nigeria Establishes E-Fraud Database to Blacklist Fraudsters; and, the CFPB Sues 4 Online Lenders.
The Federal Trade Commission (FTC) recommends that consumers who are affected by identity theft file a report at IdentityTheft.gov—a one-stop resource to help you report and recover from identity theft. Information provided there includes checklists, sample letters, and links to other resources.
US-CERT encourages consumers to learn about identity theft by reviewing US-CERT's Tip on Preventing and Responding to Identity Theft.
ID theft victims can report their cybercrime attack to the Federal Trade Commission, without having to file a police report in most cases.
ID theft victims now have an alternative to filing a police report, a self-service online reporting tool from the Federal Trade Commission (FTC).
The FTC's IdentityTheft.gov link offers a form that asks victims questions about the breach. The then provides a personal recovery plan, template letters that can be submitted to banks, merchants, and other entities that were affected by the victim's identity theft. It also creates an identity theft report that serves as the official record for the crime and could be used if needed in place of a police report. Read More.
Over 24,000 pounds of paper were shredded today at a free shredding event to help Philadelphians safely discard personal information.
AARP, in collaboration with the Philadelphia Sheriff's Office, Philadelphia Controller's Office, Councilwoman Cindy Bass, Council Members At-Large Al Taubenberger, David Oh, and Derek Green, and the Spanish American Law Enforcement Association, hosted the event to protect consumers from falling victim to identity thieves. Read More.
A Clinton woman was granted a deferred judgement after committing identity theft against two of her daughters.
Christy M. Hansen, 38, 1230 N. Third St., appeared Thursday in Clinton County District Court for sentencing for identity theft, over $1,000 but under $10,000, a Class D felony; and identity theft, under $1,000, an aggravated misdemeanor. Read More.
Ventura County Star.
A man who's scheduled to appear in court on mail and identity theft charges led Thousand Oaks police to discover that a crime trend in Los Angeles County has made its way north.
Grigor Nadzhryan was driving a stake bed truck on Feb. 28 when he was seen stealing mail from a residence in the 3300 block of Pembridge Street, said Thousand Oaks police Detective Tim Lohman. Read More.
The Bankers Committee, yesterday, said it will establish a database of suspected electronic fraud in the banking industry with the aim of blacklisting suspected fraudsters.
The committee comprise the Central Bank of Nigeria, CBN, Nigeria Deposit Insurance Corporation, NDIC and chief executives of banks.
Addressing a press conference at the end of the committee's meeting in Lagos, yesterday, Managing Director/Chief Executive, Access Bank Plc, Mr. Herbert Wigwe, said: "Part of the deliberation was that there is need to create a central depositary which is a database of suspected fraud through the system." Read More.
***CONSUMER FINANCIAL PROTECTION BUREAU***
The Consumer Financial Protection Bureau (CFPB) Thursday took action against four online lenders – Golden Valley Lending, Inc., Silver Cloud Financial, Inc., Mountain Summit Financial, Inc., and Majestic Lake Financial, Inc. – for deceiving consumers by collecting debt they were not legally owed. In a suit filed in federal court, the CFPB alleges that the four lenders could not legally collect on these debts because the loans were void under state laws governing interest rate caps or the licensing of lenders. The CFPB alleges that the lenders made deceptive demands and illegally took money from consumer bank accounts for debts that consumers did not legally owe. The CFPB seeks to stop the unlawful practices, recoup relief for harmed consumers, and impose a penalty. Read More.
UPDATE: Authorities said police in Pennsylvania lost contact with the suspect around 2 a.m. Saturday. The wanted man was in the area of Harrisburg, PA.
Greenwich police are reporting that the suspect is believed to have fled Greenwich. Authorities say the suspect stole a car in Port Chester, N.Y. The suspect has been spotted in Pennsylvania, and police in that state are in pursuit. Greenwich police suspended their search around 9:30 p.m. Read More.