Do You Need a Consumer Fraud Lawyer? Know When to Call
The Federal Trade Commission (FTC) releases a summary of consumer fraud data each year. In 2022, there was more bad news to report. Based on the number of consumer fraud cases reported in 2021, more Americans may need a consumer fraud lawyer this year than ever before. The FTC receives a variety of reports from […]
Peer to Peer Payment App Companies Must Comply With the EFTA
An estimated 113.5 million adults used a mobile peer to peer payment app to transfer money to family, friends, and vendors in the United States last year. The number of people using these apps (also known as “person-to-person” or “P2P”) has almost doubled in the past four years with the creation of money apps such […]
New Jersey Consumer Fraud Act Protections and Remedies
Consumer fraud is a growing concern throughout the United States. The federal government has enacted several laws to help protect consumers nationwide, but individual states have also taken steps to identify unlawful acts within their boundaries and provide remedies for residents who have been defrauded. The New Jersey Consumer Fraud Act (the NJ Act) offers […]
A Consumer Protection Law Outline: 5 Federal Consumer Protection Statutes You Should Know
According to the Federal Trade Commission (FTC), in 2019, United States consumers reported losing $1.8 billion due to consumer fraud. That number almost doubled in the next year with a reported loss of $3.3 billion in 2020. Most of the fraud involved imposter scams ($1.2 billion) with online shopping creating the next biggest fraud category ($246 million). With so many people falling prey to consumer fraud, and to help educate and empower consumers, […]
What are Actual Damages?
(And Other Possible Consumer Fraud Remedies) Congress has enacted various laws to protect US consumers from personal financial harm. These laws require banks, creditors, and credit reporting agencies to take specific steps when consumer fraud occurs. If creditors don’t follow the law, consumers may be entitled to certain remedies or financial damages including “actual damages.” But what […]
Top 3 Identity Theft Scams to Avoid in 2022
As technology improves, and we transact more business online, our personal and business lives have become more efficient… most of the time. Unfortunately, identity thieves are also finding more creative ways to steal personal information and profit from identity theft scams that victimize innocent consumers. Here are some startling statistics and examples of identity fraud you might encounter in the coming year. By recognizing the three most common identity theft scams, you may avoid becoming a victim. **IMPORTANT** If you have […]
24 Ways to Minimize the Impact of Identity Theft on Victims
~ 7 Tips to Detect Identity Fraud ~ 17-Step Identity Theft Checklist to Reduce The Impact of Identity Theft on Victims Online banking, shopping, and communication have certainly changed our everyday lives. Unfortunately, cybercriminals are always creating more inventive ways to deceive innocent consumers. The Federal Trade Commission (FTC) collects data to prepare the Consumer Sentinel Data Book that shows the impact of identity theft on victims each year. In 2018, the FTC received 444,344 identity […]
How Identity Thieves Can Control Your Computer and Money
When you think about identity theft do you picture a computer hacker sitting alone in a dark room, surfing the internet hoping to find a bank account with an easy password? Some criminals are loners, but you may be surprised to learn about some of the more aggressive tactics identity thieves use to steal innocent consumers’ hard-earned money. Some identity thieves prey on trusting consumers who are led to believe there is a problem with their financial accounts. When facing a banking […]
Hiring an Identity Theft Attorney
Identity theft is something that no one believes will happen to them, yet millions of Americans are victims of identity theft each year. If your identity is stolen, it is important to act quickly, take basic steps to protect yourself, and maximize your chance of getting reimbursed for stolen funds. While hiring an identity theft […]
Suing Credit Reporting Agencies When They Won’t Act
When you first spot an error on your credit report from TransUnion, Equifax, or Experian, the solution may seem obvious. Each of the three major credit bureaus provides clear information on its website about how to dispute an erroneous entry on your credit report. You can even submit a dispute directly through the websites. Unfortunately, […]
