Pay day loan System Sold Information to Scammers

In-depth safety news and investigation

The Federal Trade Commission announced this week it really is suing a customer data broker that offered loan that is payday information to scammers who utilized the data to pull cash away from customer bank reports. The scam brings in your thoughts an identity that is underground solution we composed about in 2012 which was gathering its information from a community of pay day loan web sites.

“At minimum among those marketers, Ideal Financial possibilities – a defendant an additional FTC situation – allegedly utilized the info to withdraw vast amounts from customers’ accounts without their authorization,” the FTC stated. Continue reading