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March 7th, 2009

Weekly Favorites Courtesy of The Consumerist



TD Bank Is Too Easy to Rob: New York City Police Chief Raymond Kelly says TD Bank is making it easy for robbers to hold up local branches:

What’s the problem? Well, apparently the bank’s friendly atmosphere makes it too easy to rip off. The police want all banks to go back to using bullet-proof glass, install more cameras, and to use counter tops that capture clear fingerprints.

TD Bank says, “We don’t believe saying that we have a disproportionate amount of robberies is a fair portrayal of us.”

H&R Block Deposits Tax Refund in Wrong Account: The worse part, they didn’t seem to care:

Q:What happens when HR Block copies your bank information incorrectly and deposits your tax refund into someone else’s account? A:The other person spends it and H & R Block shrugs and tells you to call the police.

“I called H & R Block before the money was deposited in the wrong account and told them they copied my bank account number wrong,” the customer told the Des Moines Register. “They didn’t act like there was anything they could do about it.”

Timely Scams Prey on Those Seeking Handouts: Scammers are using the president’s Economic Recovery and Reinvestment Act to lure those looking for their share of the bill:

From the FTC: E-mail messages may ask for bank account information so that the operators can deposit consumers’ share of the stimulus directly into their bank account. Instead, the scammers drain consumers’ accounts of money and disappear. Or bogus e-mail may appear to be from government agencies and ask for information to “verify” that you qualify for a payment.

“Web sites may advertise that they can help you get money from the stimulus fund. Many use deceptive names or images of President Obama and Vice President Biden to suggest they are legitimate. They’re not,” says Eileen Harrington, Acting Director of the FTC’s Bureau of Consumer Protection. “Don’t fall for it. If you do, you’ll get scammed.”

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HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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