Some have said that few types of fraud are as old as marketing fraud. When a product is misrepresented to get sales, it can often constitute fraud. For example, selling sugar pills and claiming they're 100 percent guaranteed to cure a cold or warts or a fever is...
A class action lawsuit is one in which multiple consumers work together to start a lawsuit, striving toward a common goal that they all share. Even if the lawsuit is initiated by one individual, it can be brought on behalf of many -- potentially thousands -- of other...
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...
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...
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...
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....
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...
The bait and switch is an advertising gimmick that is illegally used to scam consumers. Essentially, a store will advertise a sale on one item, but then they won't actually sell you that item if you come into the store. For instance, they could list a 70-inch TV for...
Borrowers sometimes think of lenders as the enemy -- that the lender is just waiting to pounce after that one missed payment, taking back the assets and leaving the borrower with nothing. They think that's a win for the lender, who ends up with both the asset -- like...
Now that the holiday season is in full swing, you're probably like most folks: rushing around to get all of your shopping completed before the parties and family celebrations start in earnest. Be careful while you're shopping, though. Identity thieves are lurking,...