JPMorgan Chase, Bank of America, Wells Fargo and other unnamed large banks are reportedly facing a federal investigation over scams and fraud on the billion-dollar instant payments platform Zelle. The Consumer Financial Protection Bureau (CFPB) is probing how the banks handle disputed transactions on the network, reports the Wall Street...

JPMorgan Chase, Bank of America and Wells Fargo Under Federal Investigation Over Hundreds of Millions of Dollars in Scams and Fraud on Instant Payments Platform Zelle

JPMorgan Chase and Wells Fargo are refusing to reimburse the vast majority of customers who send their money to scammers, according to a new report. New numbers from the US Senate’s Permanent Subcommittee on Investigations show Chase reimbursed 2% of scams reported on the instant payments network Zelle in 2023.

JPMorgan Chase and Wells Fargo Reimburse 4% or Less of All Scams Reported by Customers on Billion-Dollar Payments Network: Report

Now, hackers and scammers could be looking for just your phone number. It’s called “port-out hijacking” or “SIM-swapping,” and it’s been a nightmare for those who’ve fallen victim to it. In one instance, someone received an email notification from their bank that a hacker was trying to transfer $20K from their credit card to an “unfamiliar Discover Bank account.” Once that was resolved, days later, another attempt to score $19K to that same account was attempted. In this lesser-known form of identity theft, the hackers take over your phone number, so even calls and text go directly to them…and not to you. In this type of hack, even two-factor authentication can be used against you. These scams are only going to increase, but you can still be proactive in protecting yourself by regularly changing passwords, signing out of apps that you’re not currently using, and being diligent about keeping your personal information off the internet. According to the FBI, complaints regarding “SIM-swapping” have increased 400% between 2018 and 2021 and have caused over $68 million in personal losses to the victims.

How Phone Number Theft Can Be Your Latest Scamming Nightmare

The Standard

A woman dubbed the “Missing CryptoQueen” who is accused of orchestrating a $4.5billion scam has been hit with a global asset freeze.Ruja Ignatova is on the FBI’s Most Wanted list and being pursued by investors who were conned in the OneCoin cryptocurrency scam.Ignatova was last seen stepping off a RyanAir flight in Athens in 2017, while rumours have swirled in the intervening years that she has been murdered by Bulgarian underworld figures.At the High Court in London on Tuesday, a freezing order was imposed on Ms Ignatova, seven other individuals, and four companies with alleged ties to OneCoin.Included in the...

'Cryptoqueen' Ruja Ignatova accused of $4.5billion scam hit with global asset freeze

The US Sun

HUNDREDS of Americans are eligible for part of a massive $6.49 million settlement that could result in tens of thousands of dollars being deposited in their bank accounts. Individuals that were impacted in a 2022 data breach are eligible to claim part of the large settlement. The settlement stems from...

Americans to get one-time $10,000 payment as company coughs up $6.49m for data breach – and you don’t need documentation

THOUSANDS of people across the country are eligible for a one-time payment after a settlement has been reached in a lawsuit. A data breach in 2021 impacted over 710,000 Americans who were connected to the eye-care provider Nationwide Vision and Vision plan provider Sightcare. In agreeing to a $3.45 million...

Americans to get $300 payment from $3.45m pot after company ‘failed to protect them’ – certain customers will get $5,400

AMERICANS have the opportunity to claim a one-time payment from a billion-dollar class action settlement. Visa and Mastercard agreed pay $5.6 billion after consumers paid excessive fees to accept their payment cards. The lawsuit alleged that Visa and Mastercard violated the antitrust laws. Antitrust laws also referred to as competition laws, are statutes developed by […]

Americans to receive one-time payment from $5.6 billion Visa Mastercard settlement – and the deadline has been extended

Bank of America customers could be in line for a pay out, after a settlement was agreed that saw the bank set aside $21 million for affected parties. The settlement affects customers who were with the bank between 2019 and 2023, and were charged certain wire transfer fees on incoming payments.

Bank of America $21 Million Settlement: Find Out if You’re Eligible

Georgia State

WashingtonExaminer

This week, 33 states and territories, as well as the District of Columbia, are rolling out their Supplemental Nutrition Assistance Program benefits to qualifying residents.  SNAP benefits are paid to low- and no-income households who need financial assistance to pay for food. A household qualifies for benefits if the net monthly income is at or […]

Food stamps: Here are the states delivering SNAP benefits worth up to $1,751 beginning Aug. 1

South Carolina State

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Los Angeles County, CA

Herbie J Pilato

In 1981, pop-music sensation Andy Gibb was at the top of the charts. The younger brother of Barry, Robin, and Maurice, a.k.a. The Bee Gees, commenced a tumultuous romance with actress Victoria Principle, who played Pam Ewing on Dallas, TV's then-Number 1 prime-time series. But after the relationship ended, Andy's life, already challenged by substance abuse, did as well. This is their tragic story.

The Tragic Death of Pop Star Andy Gibb & His Traumatic Romance with 'Dallas' Star Victoria Principle

The Supplemental Nutrition Assistance Program (SNAP) will start issuing benefits for August on August 1. Depending on your state, payments will either be distributed in a single batch or spread out throughout the month, with amounts reaching up to $3,487. August Payment Schedule by State. According to Okdiario, SNAP benefits…

$3,487 in SNAP Benefits: Find Out When Your State Will Pay in August!

Wells Fargo, Morgan Stanley and Bank of America are among a group of Wall Street banks accused of bilking customers out of billions of dollars in interest payments, according to a new report. The U.S. Securities and Exchange Commission is probing the banks to determine whether they purposefully directed clients...

Wells Fargo, Morgan Stanley and Bank of America Accused of Cheating Customers Out of Billions of Dollars in Interest Payments: Report

Unsolicited text messages class action lawsuits overview:. Who: Consumers recently filed class action lawsuits against AT&T, WhaleCo Inc., Shein US Services LLC, Wayfair LLC and NFL Enterprises LLC. Why: The companies allegedly violated the Telephone Consumer Protection Act by sending unsolicited text messages to consumers. Where: The class action lawsuits...

Temu, AT&T, others hit with class actions over unsolicited text messages

The Federal Motor Carrier Safety Administration has become aware of a phishing scam and is warning those who might be affected. In a message sent on its website, FMCSA stated that “an email is being sent to registered entities by someone pretending to be FMCSA and requesting that you complete attached forms, which ask for a social security number and a USDOT PIN.

SCAM ALERT: FMCSA warns of phishing emails

The Morning Hustle

If you've used the popular money app at all since 2018, you may be eligible to receive part of a $15 million settlement related to a pair of data breaches.

Does Cash App Owe You $2,500? Inside the Company’s $15M Data Breach Settlement

Senior citizens are often targets for scams, and as scams are getting more sophisticated, it’s getting easier to deceive even the most tech-savvy person. Elder fraud involves a variety of scams targeting seniors, from fake prizes to pleas for help from their “grandchildren,” resulting in an annual loss of $3 billion, according to the FBI. Seniors are often targeted due to their good credit, financial security, and trusting nature. Here are the top elderly fraud scams of the year:

Top 12 elderly fraud scams of 2024

Los Angeles, CA

Las Vegas, NV

SAN DIEGO, California — An indictment unsealed today alleges that five individuals participated in a massive fraud and money laundering scheme resulting in losses of more than $27 million to over 2,000 seniors. During a coordinated law enforcement operation this morning in Los Angeles, California, and Las Vegas, Nevada,...

Five arrested in $27 million fraud scheme targeting seniors

Use fake information on advertising sites, free Wi-Fi access pages, online surveys, forums, unpopular e-commerce sites, and free trial sign-ups to protect your privacy. Always provide accurate information on government, financial, professional, and medical websites to avoid legal issues and maintain credibility. Using fake information on the internet can often...

Don't Provide Your Real Information to These 6 Kinds of Sites

SENSITIVE information like your credit card number and bank account details could be for sale on the internet's dark underbelly. The dark web is the part of the internet that isn't indexed by search engines. It can only be accessed using a special browser called Tor, short for The Onion...

Eerie warning signs that hackers are selling your private info on the dark web – and the five ways to stop it

The Hidden Risks of Signing Contracts Without Review: A Consumer’s Dilemma. John, a hardworking and cautious consumer, had always believed that he was well-informed about his rights when it came to signing contracts. He knew the importance of reading every document before signing it. However, his recent experience with a real estate transaction left him questioning the fairness of certain business practices.

The Dangers of Signing Pads in Healthcare, Real Estate etc (video)

NewsBreak

FBI Issues Alert, Warns of Scammers Posing As Crypto Exchange Employees To Steal User Funds

The U.S. Federal Bureau of Investigation (FBI) issued a warning to crypto traders last week about scammers who steal funds by posing as exchange employees. The...

FBI Issues Alert, Warns of Scammers Posing As Crypto Exchange Employees To Steal User Funds

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