Wednesday, November 30, 2011

How Banks Confirm Your Identity When You Login - Consumer News Roundup for 11/30/11

A roundup of consumer-focused articles from around the web. 
  • Logging in...and locking out fraud artists (FDIC)
    What to know about new federal guidelines for how banks confirm the identity of online users.
  • Consumer alert: Saint Judes Home Rescue (Department of Financial Institutions)
    Saint Judes Home Rescue appears to be conducting a loan modification scam.
  • Coordinated central bank action to address pressures in global money markets (Federal Reserve)
    The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system. The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity.  
  • CFPB releases credit card complaint statistics
    The Consumer Financial Protection Bureau (CFPB) been taking complaints on credit cards at the CFPB since they officially opened for business on July 21, 2011. Today, they released an interim report on credit card complaints.