In a landmark decision, the Dutch government has pledged to refund over 10,000 students who were unjustly flagged for student finance fraud by an algorithm developed by the Education Executive Agency. The DUO fraud detection system, implemented in 2012, flagged students based on criteria such as age, education level, and geographic distance from their parents’ residences, an approach shown to …
Chase Bank is suing four customers who allegedly owe the bank nearly $662,000 in fraudulent check withdrawals. The bank claims that the defendants violated their deposit agreement by withdrawing more than the usual amount of their checks before they cleared. The defendants have so far failed to pay the alleged overdraft amount and legal fees, which Chase is demanding they …
If you pay your bills on time and use a small portion of available credit limits, you can have lots of cards and great scores. Dear Liz: I have accumulated too many credit cards, sometimes to get bonus frequent flier miles. Keep in mind that there is no such thing as “too many credit cards” as far as credit scoring …
Despite multiple signs of suspicious activity, Chase did nothing to prevent a scammer from raiding a Southern California couple’s checking account. Even so, Hansen said she’s shocked that so many things that should have been red flags for Chase apparently went ignored — the new name on the account, the change from a Southern California to a New York address, …
