Your Weekend Recap: Experian Lied About Credit Scores it Sold
- 25 March. Man Sentenced for $30M Mortgage Scam, Long Island Press
A Copiague man was sentenced Friday to 12 ½ years in federal prison for conning banks out of more than $30 million in a mortgage scam over a six-year span. Read More.
- 26 March. Tax Advice to Take to the Bank, My Prime Time News
[O]ver the last few years, we have been hit with an onslaught of tax-related fraud and identity theft. How very important it is for you to know what scams to look out for and be on guard against during this tax season. Read More.
- 25 March. Chief Security Officers of banks seek CBN framework against cyber-crimes, The Eagle Online
The Chief Security Officers of banks on Saturday urged the Central Bank of Nigeria to provide them with security framework that would blacklist cyber criminals in banks. Read More.
- 26 March. More people deceived about usefulness of credit scores they bought, Normangee Star
If you bought a credit score from Experian, you may not have received what you thought you did. This is because Experian developed its own credit scoring model. Read More.
- 25 March. Experian lied to consumers about credit scores it sold, must pay $3 million, Circleville Herald
The Consumer Financial Protection Bureau has ordered Experian to pay a civil penalty of $3 million and ordered Experian and its subsidiaries to stop lying about the credit scores they peddle to consumers. Read More.
- 24 March. Checking In on Background Checks, JD Supra
As important as background checks can be, there are significant legal risks created by doing them unlawfully. Federal and state statutes prescribe what information can be collected, how it can be collected, and whether collected information can be considered in the hiring process. Read More.