News

1 min read

Dealership Fined $2M in Loan Fraud Fines

September 5, 2018 Cucolle1

Erie, PA – 3 September 2018 – A Pennsylvania dealership has agreed to pay...

1 min read

Another Auto Consignment Lot Fraud Lawsuit

September 4, 2018 Cucolle1

Selling a car has always been a pain, but using a consignment lot to...

1 min read

Dealer Sued for Fraud and Allegedly Withholding Borrowers Payments

August 31, 2018 Cucolle1

Fort Mill, SC – 30 August 2018 – Some dealers work by having customers pay...

1 min read

New CA Law to Impose Strict Notice Requirements on Debt Collectors

August 29, 2018 Cucolle1

Sacramento, CA – 28 August 2018 – On August 22nd, the California state legislature...

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ATM Cashout Fraud Ring Swipes $13M

August 21, 2018 Cucolle1

21 August 2018 – On Sunday, Aug. 12, KrebsOnSecurity carried an exclusive: The FBI...

1 min read

Man Arrested for $1.3M in Credit Card and Auto Subleasing Scams

August 17, 2018 Cucolle1

Jacksonville, FL – 16 August 2018 – A man was arrested Thursday in connection...

9 min read

Auto Loan Delinquency Rising, But Mostly in Subprime Borrowers

August 17, 2018 Cucolle1

Steady increases in U.S. auto debt over the past seven years have raised concerns...

1 min read

Three More Charged in East Coast Loan Fraud Ring

August 16, 2018 Cucolle1

Providence, RI – 16 August 2018 – United States Attorney Stephen G. Dambruch announced federal...

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New Proposed Military Lending Act Expands into Collections Activities

August 14, 2018 Cucolle1

Washington, DC – 14 August 2018 – On August 1, 2018, Sen. Bill Nelson...

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GA Settles with Pawn Title Lender Over Unlawful Collections Practices

August 14, 2018 Cucolle1

Atlanta, GA – 13 August 2018 – Attorney General Chris Carr announced Monday that...

1 min read

FBI Warns of ‘Unlimited’ ATM Cashout Blitz

August 13, 2018 Cucolle1

The Federal Bureau of Investigation (FBI) is warning banks that cybercriminals are preparing to...

1 min read

Former Credit Union CEO Charged with “Dishonesty and Unfitness to Serve” by NCUA

August 9, 2018 Cucolle1

NCUA Seeks Millions from Melrose CU CEO for Breach of Duties   Alexandria, VA...

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Three Sentenced in $4.6M Loan Fraud Scheme

August 2, 2018 Cucolle1

Dallas, TX – 31 July 2018 – Stephanie Contreraz, 27, Abraham Valdez, 53, both...

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Man Charged After Making Numerous Death Threats Against Credit Union Employees

August 2, 2018 Cucolle1

Middletown, PA – 1 August 2018 – Middletown police charged a Lower Swatara Township...

1 min read

Six Charged in High End Auto Theft Ring

August 1, 2018 Cucolle1

FOR IMMEDIATE RELEASE Atlanta, GA – The Department of Justice, U.S. Attorney’s Office of...

1 min read

Third Person Sentenced in NY Loan Fraud Ring

July 26, 2018 Cucolle1

Providence, RI – 25 July 2018 – A third person charged in federal court...

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Two Employees Responsible for Failed Hawaii CU Sentenced

July 20, 2018 Cucolle1

Honolulu, HI – 19 July 2018 – The two women who caused the closure...

1 min read

Credit Union VP Allegedly Aided in $4M in Loan Fraud

July 18, 2018 Cucolle1

Pittsfield, MA – 17 July 2018 – Charges filed against a credit union commercial...