Consumer Federation of America Publishes Report Concerning Fraud and Debt Collection Abuses

Alarmed, the report detailed a relatively new form of debt collection scam.  Fake payday lending sites promising easy money are created for the sole purpose of capturing sensitive financial data.  Consumers, already in the dumps if they are considering payday loans, provide their information hoping to receive lending approval.  Rather than get money in their accounts from a payday loan, the reverse happens.  The fake payday lender steals money from the bank accounts the consumer unwittingly provided.  To really bring this fraud home... Read More... Consumer Federation of America Publishes Report Concerning Fraud and Debt Collection Abuses