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,...
Have you ever seen a convincing commercial and then thought that it had to be too good to be true? Well, if you're right, the advertiser could be in a fair amount of trouble. Legally speaking, the Federal Trade Commission demands that all ads, no matter what products...
In a lot of consumer fraud cases, those who commit fraud simply try to find something that they know people care strongly about. They'll then invent fake organizations and try to get people to give them money, all with the intent of disappearing with the cash when all...
When a foreclosure is carried out on the wrong property, it often has to do with mistakes in the records or mistakes by those sent to carry out the process -- such as simply driving to the wrong house. This can lead to all sorts of issues as the wrongful foreclosure...
In our last post, we began discussing how consumers should never assume that the financial entities able to wield considerable authority over their everyday purchasing powers are somehow beyond reproach or that they have no recourse in the event these entities harm...
When it comes to financial entities like credit bureaus, most consumers are well aware of their existence and understand that the information held in their files can make a dramatic difference in their everyday lives, affecting everything from their ability to...
After filling out the application and anxiously waiting, you finally received the notification: "You have been approved for an apartment lease pending a background check." You are a good person with no criminal or financial history that would disqualify you from...