
American Express to Compensate Customers for Illegal Practices
The Consumer Financial Protection Bureau announced that American Express must repay an estimated $85 million to approximately 250,000 consumers. American Express will return the money directly into the accounts of the affected consumers.
Federal Trade Commission Halts Tech Support Scams
The Federal Trade Commission has launched a major international crackdown on tech support scams in which telemarketers masquerade as major computer companies, con consumers into believing that their computers are riddled with viruses, spyware and other malware, and then charge hundreds of dollars to remotely access and “fix” the consumers’ computers.
Investor Bulletin: Hedge Funds
The Securities and Exchange Commission released a bulletin to educate investors about hedge funds.
FDIC Warns of Fraudulent Emails
The Federal Deposit Insurance Corporation (FDIC) has received numerous reports of fraudulent e-mails that have the appearance of being sent from the FDIC.
Advance Payday Loan Not Licensed to Offer Payday Loans in WA
DFI is warning Washington residents that Advance Payday Loans, using the website 2000loans.net, is not licensed to offer payday loans in Washington state.
Washington Foreclosure Prevention Resource Guide Updated (pdf)
The Seattle King County Asset Building Collaborative has updated and revised the Washington Foreclosure Prevention Resource Guide.
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