Tagged : FDIC 2008 scam notice

Found 1 blog entry tagged as "FDIC 2008 scam notice".

Advance Fee Loan Scams

By: Alan Aptheker

In 2008, just as the banks were reeling from the first sucker punch that is now “the bubble,” the FDIC issued a warning for financial institutions and consumers about advance-fee loan scams, which were becoming more prevalent as the banks sought to bind their initial wounds incurred from the financial fallout. It bears repeating now, when banks are opening up a little more, as some financial experts feel we’ve hit bottom, and the U.S. debt-mageddon crisis is over (sort of)...

As recently as late 2010, the FDIC is still finding this kind of nefarious behavior, not by legitimate lenders who won’t a demand the upfront fee, but predators taking advantage of home buyers who see the 3% and 4% interest rates as their entree into the

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