Consumer Fraud Forum Blog

CFPB Issues New Protections For Prepaid Credit Card Users

POSTED: William PinilisNovember 1, 2016 at 11:35 AM / Consumer News, Consumer Protection, Credit Cards

The prepaid credit card business is booming. A Pew Charitable Trust study estimates that 23 million American adults currently use the cards and volume has increased from $20 billion in 2003 to over $300 billion last year.

Spotify Ads Infected Users' Devices With Malware

POSTED: William PinilisOctober 6, 2016 at 12:50 PM / Consumer Protection

They say there’s no such thing as a free lunch. And non-premium Spotify users recently learned that painful lesson first hand.

7 Easy Ways to Protect Your Personal Data Online

POSTED: William PinilisSeptember 29, 2016 at 11:11 AM / Identity theft, Consumer Protection, Cybercrime, Consumer Tips

From Colin Powell’s emails leak to the hack of the Democratic National Convention’s servers, it’s clear that no one is safe from digital break-ins. That said, there are still things you can do to protect your personal information while online.

Deleting Your Personal Data Isn't Enough to Keep It Safe

POSTED: William PinilisSeptember 23, 2016 at 11:22 AM / Identity theft, Consumer Protection

Thinking about selling or recycling your old cellphone or computer? Then you want to make sure that you wipe it clean to reduce the risk of your personal data falling into the wrong hands.

But it turns out that deleting your personal data is much harder than you think – just hitting the delete button won't...

Congress Wants Big Pharma To Justify Price Increases

POSTED: William PinilisSeptember 22, 2016 at 11:15 AM / Consumer News, Consumer Protection

Congress may finally be stepping up to Big Pharma thanks to the controversy surrounding Mylan Pharmaceuticals’ Epi-Pen.  New legislation was introduced last week meant to address skyrocketing drug prices by requiring more transparency.

Wells Fargo To Pay $185M In Fines For Years of Harm to Consumers

POSTED: William PinilisSeptember 9, 2016 at 9:35 AM / Consumer News, Consumer Protection, Banking

The Consumer Financial Protection Bureau has fined Wells Fargo Bank 100 million dollars after it was discovered that employees were secretly opening customer accounts. 

Prevent Credit Card Fraud By Looking Out For ATM Skimmers

POSTED: William PinilisAugust 17, 2016 at 12:30 PM / Consumer Protection, Credit Card Fraud, Credit Cards

Yesterday, we told you about a major increase in scams involving the use of ATM skimmers. Criminals install the devices into ATMs, gas pumps and other point-of-sale devices to steal credit and debit card information from unsuspecting customers.

CFPB Celebrates Five Years of Standing Up for Consumers

The Consumer Financial Protection Bureau opened its doors five years ago today. The agency was created in the wake of the 2008 financial crisis – part of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Beware of Student Loan Repayment Scams

POSTED: William PinilisJuly 20, 2016 at 11:28 AM / Consumer Protection, Student Loan Debt

With graduates responsible for more than a trillion dollars of student debt, the student loan debt relief industry is turning into big business for some unsavory players. The pressure to make large monthly payments coupled with an often confusing and difficult student loan process makes many borrowers prime...

Pokemon Go Raises Concerns Over Personal Information Security

POSTED: William PinilisJuly 18, 2016 at 11:23 AM / Data Breach, Consumer News, Consumer Protection

Are you one of the millions of people caught up in the Pokemon Go craze? If so, you should be aware of an important security issue.

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