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    Last Week... Today! iTod's Weekly Financial News Recap.

    Last Week... Today! iTod's Weekly Financial News Recap.

    By: Carly Souther 

    iTod takes a look at the week in banking news & current financial events. 

    CREDIT SCORING

    Thursday, 30 March 2017. When is your “credit score” irrelevant in buying a house or refinancing a mortgage? A new federal legal settlement with a major credit bureau has the answer: The only score that matters is the one your lender uses to evaluate you, not some random score you got on a website. Read More

    • Need to learn more ASAP?

    Register for next week's "2017 Creditor Compliance Checklist: Credit Reports, Credit Scores, Preventing Application Fraud, and the Latest CFPB Supervisory Highlights!" (Wednesday, April 5, 2017 @ 3:00 PM ET).

     BANK FRAUD

    Friday, 31 March 2017. A former Commerce Bank manager allegedly originated nearly $380,000 in fraudulent loans and pocketed a portion of the proceeds. The U.S. Attorney's Office for the Middle District of Pennsylvania indicted Karen Ramm, 50, of Camp Hill for the alleged bank fraud Wednesday. Read More

    • Need to learn more?

    Register for April's "Detecting and Preventing Accounts Payable Fraud" (Tuesday, April 25, 2017 @11:00 AM ET). 

    Thursday, 30 March 2017. NEW SCAM ALERT: If you receive a call from your bank’s fraud department, hang up. In fact, better yet, don’t answer the phone at all. Find out about the scam here

    IDENTITY THEFT

    Thursday, 30 March 2017. If people think they're too young to be the target of identity theft, think again. All a thief needs is few key numbers and a person's identity could be compromised. Young people on college campuses often don't worry about identity theft, but they should. Read More

    Friday, 31 March 2017. A new report from the Government Accountability Office questions the usefulness of services such as identity monitoring, credit monitoring and identity theft insurance, particularly when it comes to safeguarding against tax refund fraud. Read More

    Friday, 31 March 2017. As tax day approaches, many Minnesotans will find themselves a victim of tax identity theft. U.S. Senator Amy Klobuchar (D-Minnesota) is sponsoring legislation that would help combat scammers, like the ones that targeted Bloomington Public Schools recently. Read More

    • Want to learn more?

    Take advantage of our $199 Early Bird-dog Special, and register for this fall's "Fighting Identity Theft with the Red Flags Rule: Frontline Annual Training" (Wednesday, October 18, 2017 @ 2:00 PM ET).

    FAIR CREDIT REPORTING ACT

    Friday, 31 March 2017. An Illinois consumer is suing Equifax Information Services LLC, Experian Information Solutions Inc. and TransUnion LLC, claiming the credit reporting agencies failed to observe her bankruptcy and reported on discharged debt. Read More