Sep 25, 2009
SAN FRANCISCO -Cheryl Hernandez Camus was sentenced to 63 months in prison, and ordered to pay $1,457,255 in restitution for mail and wire fraud in connection with a real estate investment scheme, United States Attorney Joseph P. Russoniello announced.
Ms. Camus pleaded guilty on December 12, 2008 to five counts of wire fraud and two counts of mail fraud. In pleading guilty, Camus admitted to devising a short-term money lending investment scheme in which she promised fixed returns and the return of the ... Read More
Sep 10, 2009
Debit card overdraft fees are helping to pay banks’ bills in the recession—and they're hitting customers hard, the New York Times reports. “Banks will let you overspend on your debit card in a way that is much, much more expensive than almost any credit card,” says an analyst. Spending money you don’t have can result in massive fees—the Times calls out one shopper who was slapped with seven $34 fees in one day: Banks are set to make $27 billion this year ... Read More
Apr 6, 2009
The victories just keep pouring in. Rep. Carolyn B. Maloney (D-NY) the sponsor behind H.R. 627, has got her bill through the sub-committe which provides the U.S. consumer one more tool towards protection from greedy credit card companies that have been running rampant with abuse for so long. The “Credit Cardholders’ Bill of Rights,” provides crucial protections against unfair, but unfortunately common, credit card practices.
Here is the summary of this bill, and what it will do for the consumer.
Ends Unfair, Arbitrary Interest ... Read More
Mar 20, 2009
Here is just a quick post. For all to enjoy, especially if AIG has effected you recently. One of the people that manages our site was checking our statistics, looking at network locations, etc. This site gets a decent amount of traffic, most of which are from the major search engines. Well, recently we received a visit from someone at American international group data center inc. better known as AIG. Their entrance source was from a major search engine, and their search ... Read More
Mar 5, 2009
We talked about this last fall. Credit card companies that abuse their authority, and make a huge negative impact to the consumer. American Express, Chase Cut Card Limits, how does this effect you? What can you expect in the future, and what can you do to stop this sort of abuse. All of these are valid questions, but the answers might shock you.
Let’s first visit the idea of what your credit card payments are going to be with this new “Terms of ... Read More
