Tag Archives: banking
- Tax Refund Check Cashing Scheme Hits Southern Florida
As tax season rolls around it’s no surprise to see tax refund check cashing schemes arising in the news. Announced Monday was the filing of a criminal Information charging defendants Wilson Lau, and his wife, Kate Yuee Lau, for their participation in a check cashing scheme involving more than $5 million in fraudulently obtained tax [...]
- Holy Fraud, Batman! Literally…
Yesterday, an Ohio resident was indicted for allegedly engaging in a fraud scheme that promised to fund more than $500 million in mortgage loans to around 20 churches and a dozen small businesses across the country. The man, Jamal Lawson, fraudulently obtained more than $300,000 in advance fees that he used for personal expenses instead [...]
- If At First You Don’t Succeed, Commit Fraud and Fail Again : Defrauding From Behind Bars
Three defendants have been sentenced to federal prison on charges of bank fraud and aggravated identity theft; one man committing fraud from prison. According to United States Attorney Sally Quillian Yates, the charges and other information presented in court: In late January 2011, Samantha Johnson stole the wallet of a 93-year-old woman while she was [...]
- BBB Warns Of Unapproved Funds Directly Withdrawn By Funds Direct
Yesterday the Better Business Bureau (BBB) put put a warning of an “instant cash” Las Vegas company, Funds Direct, that are allegedly debiting consumer’s accounts $30 without authorization. Complaints filed by consumers are saying that their accounts are having direct withdrawals taken but that they have never had any contact or even heard of Funds [...]
- Deceitful Debt Relief And Mortgage Operation Shut Down
A United State district court has shut down two related operations who apparently failed to provide promised debt relief services and jeopardized clients’ privacy by at the Federal Trade Commission (FTC)’s request. Apparently one firm charged consumers a $1,495 up front fee for a mortgage relief assistance program that was never given as well as [...]
- Should I Hire All State Law Group to Modify My Bank of America Mortgage? – Charles
“Dear Andy, Tried twice to to get a modification with BOA with no success,have ask a law firm to help, but cant find any info on the firm Should I retain this law firm from calif. THEY WHAT THREE PAYMENTS ONE TO START, THEN ONE IN THE MIDDLE AND THE REST AT THE END. 1500-1000-500. [...]
- Thank You For Your Compassionate Help You Provide Others. – Barbara
“Steve, Thank you for the compassionate help you provide to your readers. Your extensive knowledge of financial matters and the integrity and honesty with which you answer readers, telling it like it is with no beating around the bush, is a rare commodity. Keep up the good work! I have read your website extensively and [...]
- It’s Banks vs. Families, Who Will Come Out on Top? Q&A With Elizabeth Warren | Green Day | Fast Company
Here is an interesting excerpt from an interview with Elizabeth Warren, Esq. FC: I understand that at one point you pursued an entrepreneurial path to reform the consumer financial products market. EW: The short version is that I studied the economics of the middle class and I began to see that credit products were becoming [...]
- How Can We Go About Getting My Wife’s Name Off of This Debt? – Hank
“Dear Steve, I was offered to apply for overdraft protection on a checking account via telephone. As it turned out, all overdraft payments were actually cash advances, therefore high interest rates. But this is the problem. My wife recently got her annual credit report and found that the bank had this on her credit as [...]
- Lorena is Worried That Having Multiple Banks Accounts Will Hurt Her Credit
Lorena “Dear Steve, I have three bank accounts. Does opening more than one bank account affects my credit score? What can I do to fix this? Lorena” The Answer: Dear Lorena, I am not aware of any reason why having multiple bank accounts would negatively impact your credit score or credit report at all [...]
- Credit cards face bad debt
Credit cards face bad debt SunJournal.com, ME - 1 hour ago Asked in a recent TV interview if credit card debt would be "the next shoe to drop" for the banking industry, Lewis replied: "It, in some ways, already is," …