Citizens Settles CFPB Lawsuit with $9M Penalty
Citizens Bank has agreed to pay federal consumer regulators $9 million to settle claims it didn’t protect credit card-holders during charge disputes and fraud claims.
Three Arrested, One at Large in Fraud Case
The individuals are charged with conspiring to deceive banks into allegedly processing more than $150 million in credit and debit card payments on behalf of merchants involved in prohibited and high-risk businesses.
Mortgage Fraud Scheme Allegedly Targeted Immigrant Families
A Foxborough man has been arraigned in connection with a mortgage fraud scheme that largely targeted immigrant families.
2 New York Men Sentenced for Credit Card Fraud
Two New York men have been sentenced in New Haven federal court for their roles in a credit card fraud scheme.
Credit Card Fraud Alerts Often Miss The Mark
Despite the introduction of EMV chip cards over the last several years, credit card fraud is on the rise as criminals find new ways to outsmart technology – but not all of the fraud flags raised are attributable to criminals.
