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Credit and Money Management
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Last Updated: Mar 25, 2010 - 12:49:09 PM


Credit and Money Management
Credit Card Security: Dave & Buster's Settles FTC Charges it Failed to Protect Consumers' Credit & Debit Card Information
Entertainment operation Dave & Buster's, Inc. has agreed to settle Federal Trade Commission charges that the company left consumers' credit and debit card information vulnerable to hackers, resulting in several hundred thousand dollars in fraudulent charges
Mar 25, 2010 - 12:15:37 PM

Announcements
Investment Scheme: SEC Charges Lawyer in Scheme Promising Investors Returns as High as 4,900 Percent
The Securities and Exchange Commission today charged a South Carolina-based attorney and a cohort with securities fraud for bilking investors in a high-yield investment scheme that promised rates of return as high as 4,900 percent in just two months.

 

Mar 18, 2010 - 5:51:22 PM

Announcements
Hedge Fund Fraud Father and Son Team Charged
The Securities and Exchange Commission today charged two Sarasota, Fla.-based investment advisers with securities fraud for misleading investors about the financial condition of three hedge funds they managed, and misrepresenting that they controlled the funds' investment and trading activities when in fact they were being handled by Arthur G. Nadel.
Jan 11, 2010 - 6:02:09 PM

Credit and Money Management
Prepaid Cards: Another Way to Pay, But Understand the Downsides
It's hard to visit a retail store today without finding a sales display for products broadly known as stored value cards or, more commonly, prepaid cards.
Dec 10, 2009 - 4:55:19 AM

Credit and Money Management
Debit vs. Credit Cards: How They Stack Up
Debit cards, which work like electronic checks, are becoming more widely used as an alternative to credit cards to pay for goods and services. To help you better understand how the two types of cards work and the potential benefits and concerns, we offer this quick guide.
Nov 18, 2009 - 12:14:36 PM

Announcements
SEC Charges Madoff Computer Programmers
The Securities and Exchange Commission today charged two computer programmers for their role in helping convicted Ponzi schemer Bernard L. Madoff cover up the fraud at Bernard L. Madoff Investment Securities LLC (BMIS) for more than 15 years.
Nov 13, 2009 - 8:17:44 AM

Insurance Related Press Releases
If You’re off to College, Learn to Keep Your Credit Card in Your Wallet: Tips for Managing Your Money
In the midst of the worst economic times in years, many of today’s college students are turning to credit cards to finance their college education, using them for everything from everyday necessities to books and tuition. But now more than ever students need to resist the temptation to use their credit cards to make up for the lack of cash in their wallets, according to the Insurance Information Institute (I.I.I.).

 

Aug 28, 2009 - 9:01:58 AM

Credit and Money Management
Credit Card Rate Reduction Scam: Operates Banned by FTC
At the request of the Federal Trade Commission, a U.S. district court judge has imposed a telemarketing ban on a Canadian operation that targeted U.S. consumers with false claims that it could reduce their credit card interest rates.
Jul 9, 2009 - 4:24:05 PM

Credit and Money Management
'Credit Repair' Operation Settles with FTC; Company Made False Claims
A federal court has ordered a credit repair operation and its principals to stop making false claims and requiring advance payment for credit repair services

 

Jun 25, 2009 - 12:18:14 PM

Announcements
SEC Charges Evergreen for Overvaluing Holdings in Mortgage-Backed Securities and Making Selective Disclosures to Investors
Evergreen agreed to pay more than $40 million to settle the SEC’s charges without admitting or denying the findings in the SEC’s order.

 

Jun 8, 2009 - 1:11:12 PM

Credit and Money Management
FTC Sues Mortgage Foreclosure 'Rescue' Operation That Targeted Spanish-Speaking Consumers
The Federal Trade Commission has charged a mortgage foreclosure "rescue" operation with falsely promising Spanish-speaking consumers who are behind on their mortgage payments that it would stop foreclosure
May 27, 2009 - 12:07:36 PM

Announcements
Property Tax: California Sues to Block Property Tax Rip-Off
The brothers billed tens of thousands of homeowners throughout California nearly $200 each for property tax reassessment services that were almost never performed and are available free of charge from local tax assessors.
May 13, 2009 - 10:38:01 AM

Announcements
Class of 2009 Needs to Get High Marks in Managing Finances
 Faced with a challenging job market and thousands of dollars in student loan and credit card debt, many of this year’s college graduates must take positive steps to protect their credit score, according to the Insurance Information Institute (I.I.I.).

May 7, 2009 - 10:12:10 AM

Announcements
Bounced-Check Fees: Protecting Yourself from Overdraft And Bounced-Check Fees
If you use debit or check cards to make most of your purchases, you might know how easy it is to overdraw your bank account and get hit with an overdraft charge.
Apr 22, 2009 - 12:01:41 PM

Credit and Money Management
Looking for Ways to Stretch Your Budget?
With the economy the way it is, we are all looking for ways to stretch our budgets. The federal government is (and has been) a terrific source of free information on a wide range of timely topics to help you and your family.
Apr 20, 2009 - 11:08:59 PM

Credit and Money Management
Financial Literacy: OCC Publishes a Financial Literacy Newsletter
Financial literacy is the first step toward financial success for our kids and for many older consumers. These programs spread the word that financial knowledge can help them protect, manage, and invest their money better.
Apr 20, 2009 - 10:45:40 PM

Credit and Money Management
Non-bank Credit Cards: FTC Offers Pay-off Information to Consumers with Non-bank Credit Cards
Carrying a credit card balance can be expensive for consumers, especially for those who make only minimum monthly payments. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires that consumers be provided with toll-free telephone numbers to call for an estimate of how long it will take to pay off their credit card balance.
Apr 16, 2009 - 12:13:01 PM

Credit and Money Management
When Payments Are a Problem: What to do

With the economy weakening, more people are finding it difficult to make mortgage, credit card and other payments. If you're having financial difficulties due to a job loss, a higher mortgage payment because of an interest rate reset or any other reason it's important to take action, preferably as soon as you think you may not be able to afford your expenses.


Mar 13, 2009 - 2:04:08 AM

Announcements
Managing Your Money: Good Ways to Get Started Cutting Back
It's always smart to control your spending. But if you or others in your family are facing difficult times financially, perhaps from a job loss or wage cuts, it is especially important to spend less so you can have more money to pay essential bills or to add to a savings account you can tap in an emergency.
Mar 13, 2009 - 1:44:40 AM

Community Alerts
A Guide for Seniors: Protect Yourself Against Investment Fraud.
A Guide for Seniors: Protect Yourself Against Investment Fraud.  This publication will help you recognize the many ways fraud can umpact your investments and how you can protecy yourself.
Jan 16, 2009 - 7:43:33 AM

Announcements
Ponzi Scheme: Joseph S. Forte Confesses to Fraud Scheme and Failing to Register with the CFTC
The U.S. Commodity Futures Trading Commission (CFTC) announced today that it charged Joseph S. Forte of Broomall, Pennsylvania with operating a Ponzi scheme involving approximately $50 million in connection with the unregistered Joseph Forte, L.P. commodity futures pool.
Jan 14, 2009 - 9:57:11 PM

Credit and Money Management
Ponzi Scheme: SEC Charges Joseph S. Forte for Conducting Multi-Million Dollar Ponzi Scheme
The Securities and Exchange Commission has charged a Philadelphia-area investment fund manager and his firm for conducting a multi-million dollar Ponzi scheme, and has obtained an emergency court order freezing their assets.
Jan 8, 2009 - 11:54:55 AM

Credit and Money Management
Credit problems, phishing scams, car issues top list of consumer complaints
The Attorney General's Office has released its Top 10 list of consumer complaints for 2008, and it has a familiar look. Complaints about financing, credit and debt collection were the number one category of complaints filed, as they were in 2007. The Consumer Protection Division this year received more than 120,000 calls, letters, e-mails and online complaints in 2008.
Jan 8, 2009 - 6:42:03 AM

Announcements
Bailout Update: Treasury Provides TARP Funds to Local Banks
The U.S. Treasury Department announced today details of a $2.8 billion investment in 49 banks made on Friday, December 19 through its Capital Purchase Program.  Treasury also closed $1.9 billion in transactions with 43 banks today. 
Dec 23, 2008 - 6:14:30 PM

Identity Theft
Identity Theft:Federal Financial Regulators Issue Revised Identity Theft Brochure
The federal bank, credit union, and thrift regulatory agencies today announced publication of a revised identity theft brochure – You Have the Power to Stop Identity Theft – to assist consumers in preventing and resolving identity theft.
Dec 22, 2008 - 11:53:26 AM

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