FACTA (Fair and Accurate Credit Transactions Act of 2003) allows consumers to be able to obtain a free credit report once every twelve months from each credit reporting agency. More importantly, the act was created to help reduce identity theft. With the state of our current economy, credit card and identity theft is on the […]
In previous posts I’ve talked about identity theft and ways to prevent fraud, but are our banks doing enough to protect its customers from identity theft? Recently thousands of consumers’ personal information was stolen from Wells Fargo. MicroBilt which is the self-proclaimed “single source industry leader in risk management information” notified Wells Fargo of the breach caused by […]
Housing Rescue Bill Today’s economy gives new meaning to the phrase what goes around comes around. The new Housing Rescue Bill has turned into the Salem Witch trials for merchants and the payment processing industry. The Housing and Economic Recovery Act of 2008 was intended to help homeowners on the verge of bankruptcy and foreclosure and […]
