Victims of ID theft who get free credit monitoring services won’t have to report the value of those services as taxable income, according to the IRS.
Citibank misrepresented the cost and fees for credit card add-ons, like debt protection services, the Consumer Financial Protection Bureau says.
Two new enforcement actions call out two companies for unfairly charging consumers for credit card add-on benefits they did not receive.
The carrier has been penalized for failing to protect its customers’ personal information.
President Obama has signed an executive order directing the federal government to take some incremental steps to fight card fraud and identity theft.
Credit bureau TransUnion is beefing up its credit monitoring for members who pay for the service.