Consumer fraud is the practice of deceiving consumers causing them to suffer financial losses. Oftentimes, consumers believe they are participating in a legitimate business transaction, this may be because they were given false promises or inaccurate claims, only...
Wells Fargo’s woes continue
In March of 1852, a time of rapid change in the financial industry, Henry Wells and William G. Fargo established a business then considered cutting-edge. The pair founded a pioneering company that would help customers build startup businesses and manage their money....
The CFPB and screening companies
Being in charge of screening employees or tenants in Minnesota can be a time-consuming process. That's why many companies use programs to automate these types of tasks. However, these programs could cause more harm than good for potential housing or job candidates....
How does prime bank fraud happen in Minnesota?
Today fraud thrives in the electronic consumer world, where unskilled consumers are left open to ID theft, phishing, and other fraud schemes that have become more prevalent in recent years. But there's another type of fraud that's been around for longer: bank fraud....
What to do if you’re a victim of credit score damage in Minnesota
Fraudsters in Minnesota are getting cleverer every day. Lots of people are victims to credit card identity theft. Here’s what you can do to mitigate the damage if your credit card is affected. Step 1. Report the crime The first thing you need to take is to report the...
What can I do if someone stole my identity and destroyed my credit?
Facing identity theft can be stressful. You were trying to do all of the right things, but after identity theft, you are left with a mess trying to prove that you are you. You may be able to get fraudulent charges reversed once you prove someone stole your identity....
Types of consumer fraud
Consumer fraud occurs when deceptive business tactics cause financial loss. Advanced technology enables criminals to devise new schemes and put a twist on the old ones. Knowing some common consumer scams may help people in Vadnais Heights, Minnesota, avoid falling for...
Watch out for these VA home loan scams
Recently, an alarming number of people with VA home loans throughout Minnesota have been receiving calls and mail from scammers. These scammers use a wide range of tactics to try and con their potential victims. Fortunately, you can protect yourself from these...
FTC tracking AI that violates consumer protection laws
The legal community in Minnesota is keeping an eye on the Federal Trade Commission's warnings about unfair AI. The Commission says that health systems and businesses are potentially using discriminatory AI that may violate consumer protection laws. The FTC is tracking...
Be wary of calls telling you you’ve overpaid your utility bill
Have you received an automated call telling you that you’ve paid too much on your utility bill? The caller probably told you that you were eligible for a refund or a discount on your future payments. If all of this sounds a bit fishy, that’s because it probably is....