Minnesota-based TCF National Bank is in hot water with the authorities, facing accusations of fraud. The Consumer Financial Protection Bureau has taken action to combat the bank's questionable overdraft program. An overdraft fee happens when a person accidentally...
Why are the elderly common fraud targets?
The elderly are often targeted with scams and fraud. In fact, a study carried out by MetLife looked at the numbers from 2010 and found that those over the age of 59 lost a total of $2.9 billion that year alone. On top of that, the Federal Trade Commission looked at...
Don’t get frozen out by credit reporting errors
When was the last time you checked your credit report? Many people do not check their credit reports until they are attempt to get financing and find that credit is either denied or offered at less than favorable terms. Credit reporting errors can have significant...
How many cars are repossessed because of short-term loans?
When you're signing on the bottom line to buy that new car or truck, you're excited. You've probably spent weeks or even months researching to find the right vehicle, you've been getting your finances in order, and you're excited to finally take that vehicle home....
Minnesota School of Business to pay back students
A judge ruled that the Minnesota School of Business and Globe University both have to pay back students who were defrauded. Over 1,200 students should get money back for their tuition. The schools were sued by the state's attorney general. She said that they misled...