U.S. Bank Ordered to Refund $48 Million to Customers

U.S. Bank is the latest institution to come under fire from the Consumer Financial Protection Bureau for charging consumers for credit-monitoring services that they never received. The CFPB announced today that it ordered the Minnesota-based bank to refund about $48 million to more than 420,000 customers. The bank also must pay penalties totaling $9 million to the CFPB and the Office of the Comptroller of the Currency. According to regulators, for several years some consumers paid for credit monitoring that …

The Cost of Health Freebies

Many freebies come at a cost. And with unsolicited offers for supposedly free medical supplies and services, it’s often identity theft. As your phone likely continues to ring with robocalls touting “free” medical alert systems — a scam that’s been going strong for more than a year (with some calls still lying about phony AARP ties and bogus coupons) — expect other equally dubious deals. Some offer “no-cost” medications and supplies for diabetes or other conditions. Others are even bolder, claiming that “doctor-ordered” …

How to (Really) Erase Data From Old Smartphones

Whether you’re eyeing the new iPhone 6 or another smartphone, to help prevent identity theft, you should remove all data stored on the device you’re trading, selling or recycling. >> 9 Nasty Things to Throw Away Today But it takes more than simply hitting delete or restoring your old phone to its factory settings. To prove it, the folks at antivirus software maker Avast recently bought 20 used Android smartphones on eBay. All purchased phones were supposedly clean of the sellers’ data, …

11 Things We Didn’t Know Last Week

News, discoveries and … fun 1. The 14th Dalai Lama thinks he should be the last. (Learn more at Agence France-Presse) 2. The Golden Gate Bridge isn’t just for humans. (Learn more at San Francisco Chronicle) Important situation with the deer: pic.twitter.com/BdFvTrr8RC — Alex Bowles (@alexqgb) September 6, 2014 3. Thought to be a casualty of climate change, the Aldabra banded snail has reappeared in the Indian Ocean.  (Learn more at Seychelles News Agency)  >> 9 Nasty Things to Throw Away Today …

Frank Abagnale: Hackers Can Get Your Info in 15 Seconds

Frank Abagnale, former master check forger, has some sobering advice for the rest of us: Hackers likely already have your identity records. He says hackers can steal your identity in 15 seconds or less. Abagnale, who lectures on forgery, embezzlement and secure documents, spoke to attendees today at the AARP Ideas@50+ conference underway in San Diego. Among his other revelations: Children make better victims than adults because thieves can use their stolen identity for a longer time. The privacy button on …