As if you needed another reason to be weary of credit cards from unknown sources, the Federal Trade Commission has shut down the operation known as Apogee One Enterprises and Marquee Marketing. The company was found guilty of doling out platinum cards that weren’t what they claimed to be. It turns out that the platinum credit cards with limits up to $9,500 were only usable through the company’s website, even though the company claimed that users could purchase items wherever Visa, American Express, and MasterCard were accepted.
The company seems to have preyed on those that didn’t have good credit by not only offering high credit limits, but also be claiming they would report to the three major credit bureaus. In other words, it was supposedly a way for debtors to build up their credit. Unfortunately, the company never reported to any of the credit bureaus.
Applicants were asked to pay a one-time $99 fee and $19 per month in order to enjoy the “benefits” the company had to offer. However, the only benefits that customers saw was the ability to purchase off-brand items that were highly overpriced through the company’s store.
The FTC became involved when Continue reading Platinum Credit Card Company Closed by the FTC
It’s no secret that there are many credit card scams, especially when you are travelling and that you have to keep your credit card close by and watch who and when you provide it to anything from restaurants to resorts. It’s also important to carefully review your charges, both on your room and when you return from travel, to make sure that you haven’t been “charged” with credit card fraud. But most people would hope that our credit card information would be safe, especially from some of the biggest and so called best hotels and resort companies in the world. But recently the FTC has filed suit against Wyndham Worldwide, owner of hotels such as Ramada Days Inn, Travelodge, Super 8 and Howard Johnson and resorts around the world as well as time share/vacation ownership participating providers.
This week ,the FTC filed a lawsuit against Wyndham Worldwide as a result of breaches in their security systems that led to hundreds of thousands of customers credit card information being released or stolen by an Internet domain located in Russia. However, that is not the only problem that the FTC has allegedly discovered. The complaint also alleges that Wyndham has not taken appropriate security measures, making theft and fraud that much easier. (See the entire complaint) Last, but not least, Wyndham is accused of further creating problems for their customers by not being truthful about their security measures and misrepresented the company security policy.
It is alleged that security measures were lax including the lack of complex user names and passwords, firewalls, network segmentation and that credit card numbers were stored in plain text.
This is not a new charge against Wyndham. Continue reading Wyndham Not Winning in the Game to Protect Customer Data?
Identity theft is a serious crime– not only to you and your family, but to your finances, your emotional well being and your future. Find out just how far-reaching the damages are to individuals and businesses.
Continue reading How Serious is Identity Theft?