According to a new consumer fraud report, account takeover (ATO) now drives the largest fraud losses, whereby phishing remains a strong, vital part of the fraud. ATO occurs when a scammer impersonates a consumer in order to steal from their account. It is on the rise in large part due to various data breaches that […]

Posted in Consumer Fraud | Comments Off on Account Takeover via Mobile Payments Now Drives Largest Fraud Losses

The bank chain Wells Fargo is once again in hot water over its fake customer/consumer fraud account scam. In May, the banking company agreed to pay $480 million to put to rest claims that it misled shareholders about these sales practices and its fake-accounts scandal. Federal law requires that companies like Wells Fargo warn shareholders […]

Posted in Consumer Fraud | Comments Off on Wells Fargo’s $480 Million Settlement Draws Attention to Potential 401(k) Consumer Fraud

On June 5th, health experts warned that Florida’s children are likely being exposed to heightened levels of lead in their school drinking water on a regular basis. This exposure can lead to aggressive behavior and IQ loss, amongst other symptoms and illnesses. Tests were conducted in 16 cities in the state’s capital, all of which […]

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Cell phone account fraud is the latest consumer fraud privacy threat keeping consumers up at night. Criminals open up phone cell phone accounts, and use them to access others’ bank accounts, open new credit cards, or sell information for other criminals to use. In 2017 alone, the number of victims increased 63 percent from the […]

Posted in Consumer Fraud | Comments Off on The Latest Consumer Fraud: Cell Phone Accounts

Even though the Equifax data breach and subsequent consumer fraud-related harm that occurred happened last year, new reporting reveals that the government still has not acted, and may now even be taking steps to reduce consumer rights’ to file consumer fraud complaints. Specifically, a new report reveals that the Consumer Fraud Protection Bureau has received […]

Posted in Consumer Fraud | Comments Off on Significant Consumer Fraud Equifax Breach Reportedly Goes Unaddressed

In what has emerged as one of the biggest consumer fraud issues of the last decade, federal regulators now want Wells Fargo & Co. to pay up to $1 billion in civil penalties in conjunction with the customer-account scandal that emerged in 2016—likely among the largest fines in financial services history. Last year, the company […]

Posted in Consumer Fraud | Comments Off on Wells Fargo Now Facing $1 Billion in Civil Penalties over Consumer Fraud Issues

In the month of February, progress was made around the country in affording greater consumer protection to victims of consumer fraud. Below, we discuss some of these legal updates: Regardless Of Net Neutrality, Cable Companies Cannot Defraud Customers A February ruling by a New York Supreme Court judge could set the tone for consumer fraud […]

Posted in Consumer Fraud | Comments Off on February 2018 Consumer Fraud Update

According to a new report from the Better Business Bureau, online purchase scams are now the riskiest form of consumer fraud out there, moving up from the fourth spot in 2016, to the first in 2017. While young people were the highest at risk as a group in general, money lost was highest for older […]

Posted in Consumer Fraud | Comments Off on Better Business Bureau Report Reveals Riskiest Consumer Fraud Scams of 2017

Unfortunately, when it comes to consumer fraud, Florida’s senior citizens are frequently the target. It is often assumed that our senior community has accumulated assets such as retirement accounts, a home, Social Security, savings, etc. In addition, many also assume that the elderly are also less able to keep track of their assets as well […]

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A new report highlighted by The New York Times reported that the Food and Drug Administration (FDA) has taken too long to get food products off store shelves after associated hazards were reported. Specifically, despite having the necessary authority, the agency did not move quickly enough to protect consumers. The inspector general at the Department […]

Posted in Consumer Fraud | Comments Off on New Report Highlights That Consumers Are At Risk from Contaminated Products