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Tag Archives: mexico

Watch Out Mexico, Here It Comes

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Consumer debt is expected to robustly rise in Mexico through 2013, according to Citigroup’s Mexican Banamex. Banamex is Mexico’s second largest banking company and is expecting heavy growth in consumer demand for mortgages, credit cards, and payroll loans. Banamex, which supplies around 12% of Citigroup’s annual net profit and is Mexico’s second-biggest bank, grew its credit portfolio by 14% on ... Read More »

    Go Ahead, Take a Guess Which Countries Have the Most Credit Card Fraud

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    Now here is a study that will probably surprise some people. A recent survey by the Aite Group and ACI Worldwide of consumers who experience credit card fraud found some countries are much more at risk of consumers having their credit cards used fraudulently. As someone who has lived and travelled to many countries outside of the United States, a ... Read More »

      I Moved to Mexico. Can Collection Agencies Come After Me Here for My American Debt? – Pilar

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      “Dear Steve, I live in Mexico and I am still legally married. I have debt in my name. Can collection agencies collect or sue my husband? My husband and I are no longer living together, we separated two months ago. He stayed in AZ and I moved to Mexico and I am not planning in returning to live in the ... Read More »

        Founder of Internet Consumer Electronics Company Sentenced For Fraud

        Back in May of 2008 David Whitaker pled guilty to an information charging him with wire fraud, conspiracy to commit wire fraud, money laundering and commercial bribery to which Whitaker admitted to defrauding around 83 business account customers and a credit card processing company of over $10 million. Earlier this month he was finally sentenced to 70 months in federal ... Read More »

          FTC Gives APEC Cross-Border Privacy Rules Thumbs Up For Consumer Information Protection

          Yesterday, President Obama and representatives from other Asia-Pacific Economic Cooperation (APEC) economies met to discuss consumer cross-border data privacy protection at a meeting in Honolulu, Hawaii. The meeting focused on the APEC Cross-Border Privacy Rules, a new initiative to harmonize safe data sharing across country borders and enhance the protection of consumer data that moves between the United States and ... Read More »

            Six Involved In AFLAC Scam Don’t Get Parole

            In the middle of June 2011 36 people were charged in a number of indictments for their roles in a scheme designed to defraud the American Family Life Assurance Company, better known as AFLAC (AFLAC!!). The people defrauded millions of dollars by filing thousands of false injury claims and to date 28 of the 36 involved and plead guilty. On ... Read More »

              I Don’t Know Where the Car is That My Car Loan is On. – Jose

              justball-144x125

              “Dear Steve, hey how u doing, heres my situation.. in jan 2007 i asked the bank for a loan to buy a car, now because i didnt have credit, my uncle signed as cosignor, anyways , i paid the car for a year and 3 months, but then i couldnt keep paying, so my uncle told me that if i ... Read More »

                100% Credit Card Interest Rates Charged in Mexico

                justball-144x125

                Just when you thought the banks in the United States were really sticking it to consumers, least we forget what is happening in Mexico. I previously wrote about Wal-Mart de Mexico Plans 100,000 Credit Cards by Year-End — With Interest Rates of 59% to 75% Well apparently Mexico is now starting to draw some lines about the amount of interest ... Read More »

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