Tag Archives: synthetic fraud

By Myril Shaw The Senate recently narrowly approved President Biden’s pick, Rohit Chopra, to run the Consumer Financial Protection Bureau. News outlets say the confirmation gives the bureau a director who is likely to embrace an aggressive “watchdog” role as a consumer advocate, and one who favors stiff penalties for bad actors such as predatory lenders. Like it or not, ...

By Myril Shaw A new form of identity theft known as synthetic fraud is on the rise. And you won’t like what we have to say about it. With traditional identity theft, someone will normally notice something amiss or unusual or inflated on their credit report, credit card statement, or bank statement. With synthetic fraud, there is nothing to notice. ...