Posts Tagged ‘Credit’

HSBC employees misconduct leads to over 24,000 cases of Theft

So far theft only involves customers banking in Switzerland and confirmed that no data had been compromised for clients with accounts elsewhere.

The theft occurred three years ago, but just last year authorities just discovered the problem.

HSBC has issued a statement apologizing to customers and has since spent massive amounts of money ($93m) to upgrade systems and improve security.

http://www.hsbc.com/1/2/home

Here is the link for HSBC, as of yet I have not seen any official notice on their newsroom section addressing this problem.

Consumers should contact the regulating company over HSBC for further information should they feel they have been affected.

http://www.fdic.gov/

http://www.idtheft.gov/

http://www.ftc.gov/bcp/edu/microsites/idtheft/consumers/filing-a-report.html

By Haig Simonian in Zurich and Sharlene Goff in London

http://www.ft.com/cms/s/0/aa0b9e2e-2ced-11df-8025-00144feabdc0.html?ftcamp=rss&nclick_check=1

FTC Amends Free Credit Reports Rule To Help Consumers Steer Clear of ‘Free’ Offers that Cost Money

For Release: 2/23/2010
Federal Trade Commission

http://www.ftc.gov/opa/2010/02/facta.shtm

April 2010 companies offering free credit reports must notify consumers that they can go directly to the National outlet for free credit reports.

www.annualcreditreport.com

877-FACT-ACT or 877-322-8228,

The ONLY authorized source under federal law.

There are a good many companies misleading consumers into thinking they can obtain a free credit report through them, only to discover later that they were required to sign up for a 12 month credit monitoring service.

Consumers should know that if they discover they enrolled in a monitoring service, they can call the credit monitoring service and refuse service, to ask for a refund. The credit card will still be charged, but a refund will later be issued.

Also if a consumer wants their credit reports to include credit scoring, that does come at an additional cost.

Just be careful not to listen to the hype on television from companies claiming to provide free credit reports to consumers.

Free Credit Repair Consultation
First Name
Last Name
Email
Phone
Zipcode
Questions
Latest Entries