Enter your email address to receive new posts in your inbox:

Delivered by FeedBurner


Like what you see? Share!

Our Attorneys

Entries in Identity Theft (6)


Financial Institutions . . . In the News

  • Maine Governor driving bill to block foreclosure action against Maine’s elderly. (PPH 1.29.2017)
  • Norway Savings Bank announces promotions of Dan Walsh, Janice deLima, Ian Pullen, Elysia Avery, and Donny Hinkley.  (Sun Journal 1.23.2017)
  • New jobs created by the finalization of the merger of Bar Harbor Bank & Trust and Lake Sunapee Bank Group.  (Mount Desert Islander 1.19.2017)
  • Elderly affected by tax foreclosure sales than other groups.  (Bloomberg BNA 1.19.2017)
  • Federal Reserve Bank of Boston, Jeffrey Fuhrer, anticipates that there will be three 0.25 percentage point interest rate hikes in 2017   (Mainebiz 1.17.2017)
  • Foreclosure inventory in Maine is among the highest in the nation at 1.7%.  (Mainebiz 1.12.2017)
  • People’s United Bank, N.A. and AARP Fraud Watch Network join forces to help protect against identity theft and scams.  (Yahoo Finance 1.12.2017)

Financial Institutions....In the News

  • Early in 2017, the U.S. Supreme Court (Expressions Hair Design v. Schneiderman) will hear arguments related to the credit card fees businesses are required to pay.  (BDN 11.29.2016)
  • In the Portland area, national banks are on the decline while community banks have increased their presence.  (Mainebiz 11.30.2016)
  • Camden National Bank’s services now include 24-hour customer service to help with fraud protection.  (Mainebiz 11.30.2016)
  • The Department of Labor’s fiduciary rule which takes effect on April 10, 2017 is being embraced by Maine banks.  (Mainebiz 11.28.2016)
  • A recent study of fraud and identity theft by WalletHub shows that Maine has less fraud and identity theft than most other states.  (Mainebiz 12.5.2016)
  • Since 2010, bankruptcy filings in Maine have been steadily decreasing but experts warn more bankruptcies may bubble up in the future.  (Central Maine 12.3.2016)

Financial Institutions . . . In the News

  • Kennebunk Savings Bank promotes Dennis Byrd to Senior Executive Vice President, COO, Lynn Howe to Executive Vice President, Chief Sales and Delivery Officer, and Jill Peter to Executive Vice President, Chief Risk Officer. (Fosters 10.25.2015)
  • FICO scores in the future may be determined by social media and telecom and utility bills.  (MPBN 11.5.2015)
  • Reviews by federal regulators show 9.5% of high-risk loans totals $3.9 trillion.  (Central Maine 11.5.2015A)
  • Consumer advocates oppose Federal House bill that changes mortgage regulations.  (The Hill 11.17.2015)
  • Identity theft is the most common and least reported crime in Maine.  (BDN 12.1.2015)
  • Preparing now could save you money before Federal Reserve raises interest rates.  (BDN 12.1.2015)

Financial Institutions...In the News

  • Target shoppers may be affected by data breach.  (Kennebec Journal 12.19.2013)
  • Maine mortgage defaults increased in 2013 (Sun Journal 12.11.2013)
  • Security breach at JP Morgan Chase & Co may affect 1,300 Maine unemployment recipients.  (Government Technology 12.11.2013)
  • Maine’s elderly and children are targets of identity thefts.  (Bangor Daily News 12.11.2013)

FTC Issues Interim Rule Amending the Scope of its Identify Theft "Red Flags" Rule

The Federal Trade Commission (“FTC”) recently issued an interim final rule amending its “Red Flags Rule,” 16 C.F.R. Part 681. The amendment, which affects “creditors” under the FTC’s jurisdiction, limits the applicability of the Rule by making reference to a new definition of “creditor” in Section 1681m(e)(4) of the Fair Credit Reporting Act (“FCRA”). Section 1681m(e)(4) was part of the “Red Flag Program Clarification Act” enacted by Congress in December of 2010. The FTC’s interim rule directly references this new definition, discussed below...

Click to read more ...