Starting October 31, 2019, many members of the military will have access to free electronic credit monitoring, which can help them spot identity theft. In response to a new FTC Rule implementing a 2018 law, the nationwide credit reporting agencies—Equifax, Experian, and TransUnion—are providing free electronic credit monitoring services to active duty service members and …
The Federal Trade Commission has finalized the rule implementing a 2018 law that requires the nationwide consumer reporting agencies (CRAs) to provide free electronic credit monitoring services for active duty military consumers. The Free Electronic Credit Monitoring for Active Duty Military Rule, which will be published in the Federal Register shortly, implements legislation included in …
Ring, ring. “This is Equifax calling to verify your account information.” Stop. Don’t tell them anything. They’re not from Equifax. It’s a scam. Equifax will not call you out of the blue. That’s just one scam you might see after Equifax’s recent data breach. Other calls might try to trick you into giving your personal …
A reader sent me in the client agreement for Macklock National Credit and said, “She was current on all of her bills, and wanted to consolidate her debts into a smaller 1 lump payment and ended up on the phone with Macklock who told her to stop paying her creditors and it would all be …
HSBC Bank has been ordered to pay a $35 million penalty for not delivering what they promised to consumer regarding their credit monitoring product, CreditKeeper. Customers eligible for restitution include those who were unfairly billed for CreditKeeper, a credit-monitoring product marketed and sold by the bank, its affiliate HSBC Bank Nevada, N.A., Las Vegas, Nevada, …
Millions of Americans have received free access to credit monitoring products — it’s pretty much a standard “we’re sorry” gesture from any company or organization that loses customer data after a cyberattack. While companies are handing out credit monitoring like it’s candy at a parade, consumers often don’t understand what they’re getting and that different …
Identity theft is on the rise, according to the FTC, and it’s a crime that is getting more expensive than ever for American consumers. Last year it cost us $1.52 billion, up from $1.4 million in 2010. The median amount paid out per claim was $537. And that’s just the cost of reported crimes. While …