CARETAKER THEFT TRIGGERS CALLS FOR GOVERNMENT REGULATION
28/03/201201:57 AM Filed in: News
Read more: http://www.vcstar.com/news/2012/feb/26/caretaker-theft-triggers-calls-for-government/#ixzz1qONjZjli
The caregiver used the 86-year-old woman's credit cards to pay her own cellphone bills and buy jewelry sold on television, according to the victim's family.
Before pleading guilty to a felony count of caregiver theft this month with another count dismissed, Allison Bragger racked up $27,000 in unauthorized expenses during eight months of caring for a Thousand Oaks resident who had arthritis and dementia, according to allegations. Her client's family says she borrowed the senior's silver Chevrolet Cobalt and used the woman's credit card to pay her own traffic citations. She allegedly took money from bank accounts and overcharged for services. Read More...
The caregiver used the 86-year-old woman's credit cards to pay her own cellphone bills and buy jewelry sold on television, according to the victim's family.
Before pleading guilty to a felony count of caregiver theft this month with another count dismissed, Allison Bragger racked up $27,000 in unauthorized expenses during eight months of caring for a Thousand Oaks resident who had arthritis and dementia, according to allegations. Her client's family says she borrowed the senior's silver Chevrolet Cobalt and used the woman's credit card to pay her own traffic citations. She allegedly took money from bank accounts and overcharged for services. Read More...
CRA FOR CASINOS SETTLES FTC CHARGES
A nationwide specialty consumer reporting agency that provides casinos with credit reports that are used to assess customers’ eligibility for credit and check cashing has agreed to settle Federal Trade Commission charges that it violated the Fair Credit Reporting Act (FCRA). The settlement requires the company to pay a $150,000 civil penalty and bars future violations of the FCRA.
According to the FTC, Central Credit LLC failed to inform casinos that use its credit reports of their legal obligations under the FCRA, such as providing adverse-action notices to consumers when credit is declined or a check not cashed, and failed to inform companies that furnish information for credit reports of their legal obligation to provide accurate information about consumers. Central Credit also failed to inform consumers of their rights under FCRA, such as the right to obtain a free annual credit report. Finally, the company failed to establish a streamlined process for consumers to request free annual credit reports, including publishing a toll-free number and providing clear instructions for requesting a free report.
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According to the FTC, Central Credit LLC failed to inform casinos that use its credit reports of their legal obligations under the FCRA, such as providing adverse-action notices to consumers when credit is declined or a check not cashed, and failed to inform companies that furnish information for credit reports of their legal obligation to provide accurate information about consumers. Central Credit also failed to inform consumers of their rights under FCRA, such as the right to obtain a free annual credit report. Finally, the company failed to establish a streamlined process for consumers to request free annual credit reports, including publishing a toll-free number and providing clear instructions for requesting a free report.
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THE "RED FLAGS" RULE 2012
14/03/201207:26 AM Filed in: News
The Red Flags Rule requires many businesses and organizations to implement a written Identity Theft Prevention Program designed to detect the warning signs — or "red flags" — of identity theft in their day-to-day operations. By identifying red flags in advance, businesses will be better equipped to spot suspicious patterns that may arise -- and take steps to prevent a red flag from escalating into a costly episode of identity theft.
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FCRA 40th UPDATES
14/03/201207:24 AM Filed in: News
The Fair Credit Reporting Act (“FCRA”) governs the collection, assembly, and use of consumer report information and provides the framework for the credit reporting system in the United States. The FCRA was enacted in 1970, and it has been amended several times in the ensuing years. The two most extensive amendments were the Consumer Credit Reporting Reform Act of 1996 (the “1996 amendments”) and the Fair and Accurate Credit Transactions Act of 2003 (“FACT Act”).
The FCRA regulates the practices of consumer reporting agencies (“CRAs”) that collect and compile consumer information into consumer reports for use by credit grantors, insurance companies, employers, landlords, and other entities in making eligibility decisions affecting consumers. Information included in consumer reports generally may include consumers’ credit history and payment patterns, as well as demographic and identifying information and public record information (e.g., arrests, judgments, and bankruptcies). Consumer report information may be used by entities to predict the risk of future nonpayment, default, or other adverse events.