Quick Resources to Use
if You Suspect Your're a Victim
Avoid becoming a victim of identity theft by following the suggestions
outlined in a GBA article
Identity theft happens when someone steals
your personal information and uses it without your permission. The FTC’s
updated resources explain how to protect your information and how to
respond if it’s stolen.
Tax Refund Identity Fraud
Each year, the IRS intercepts hundreds of thousands of fraudulent tax
returns seeking billions in fraudulent refunds. It is becoming an
increasingly prevalent scam. The IRS recommends filing your return as
early as possible each year to beat scammers to the punch. Here are some
tips from the IRS to protect you from becoming a victim, and steps
to take if you think someone may have filed a tax return using your
Protect Your Identity Week
of the National Foundation for Credit Counseling and the Council of
Better Business Bureaus, this week-long initiative usually taking place
every October, put focus on the campaign’s
web site and
community events promoting identity theft protection and education.
Federation of America provides information about high-cost small dollar
loans, including payday loans, car title loans, bank overdrafts, and
refund anticipation loans
here. For payday loans, consumers can click on their state to check
the legal limits and requirements that apply and to find contact
information for their state regulators. Research and reports, testimony
and consumer advice are also available on the website.
Ads and websites
that guarantee loans or credit cards, regardless of your credit history
can be tempting. The catch comes when you apply for the loan or credit
card and find out you have to pay a fee in advance.
Advanced-Fee Loan Scams
Mortgage Modification and Foreclosure
A recently released OCC Consumer Advisory
here discusses avoiding common foreclosure scams, suggests ways
consumers can avoid those scams and outlines federal rules to protect
homeowners from such schemes.
Home Affordable program has posted a resource
here on avoiding this type of scheme
FDIC Consumer Alerts
real-time alerts provide information and warnings about frauds and
here to see recent alerts.
Banks are always
thinking of ways to detect forged checks and prevent their payment.
Banks train their employees to watch for telltale signs of criminal
activity, but consumers play a big role in preventing the fraudulent use
of their accounts too. The GBA recommends you take the precautions
here to avoid becoming a victim.
Email Scams and
here for more information about e-mail scams and "phishing,"
published by federal bank and thrift agencies to help identify and
combat e-mail scams.