Navigation Links
Credit Card Companies Accomplices in Millions of Identity Theft Cases Alleges Eric Drew
Date:10/22/2008

Absence of Verification Safeguards Allow Thieves to Steal

SAN FRANCISCO, Oct. 22 /PRNewswire/ -- Every year millions of Americans are the victims of identity theft, and in a lawsuit filed against major credit card companies, identity theft victim Eric Drew claims that the credit industry is facilitating the crimes. By attempting to maximize profits by fully automating their identity verification systems, credit card companies such as Bank of America, Citibank and Chase are knowingly fostering rampant fraud and forcing their customers to deal with the results of their irresponsible credit card issuing practices.

Criminals armed with only a few pieces of personal information such as an address and a social security number are able to fraudulently apply for credit cards under the victim's name. Currently there are no reliable identity verification systems in place to prevent thieves from receiving and using the cards. Identity theft losses totaled over $52 billion in 2002 and affected almost 10 million Americans.

"It's the worst customer service in America," said Drew, an identity theft victim in 2003. "These banks are intent on issuing as many cards as possible -- and forcing their legitimate customers to deal with a complicated mess to prove their innocence when fraud occurs."

In Drew's case, the theft was particularly heinous. While fighting for his life battling leukemia in a hospital, his identity was stolen by a hospital worker. Health Associated Identity Theft (referred to as a HAIT Crime) is difficult to fight because the victim must dispute fraudulent charges, contend with hostile collection practices, and attempt to repair damaged credit ratings from a hospital bed or convalescent home.

Drew is suing Citibank, Bank of America, Chase, Equifax, and Experian, claiming that they didn't verify application information, and is attempting to mandate that the credit industry verify an applicant's identity prior to issuing credit.

"Americans need to know that financial institutions are not only causing the identity theft problem, but are forcing us to clean up their mess," added Drew. "Even with all the other issues I'm dealing with, I decided I couldn't let this go on happening to others without a fight."

In addition to crusading against identity theft, Drew is dedicated to providing advocacy and education to seriously ill patients and their families. Learn more at http://www.drewfoundation.org


'/>"/>
SOURCE Eric Drew
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Colorado Medical School Receives Provisional Accreditation
2. UCSF animal care facility receives top accreditation
3. Mayo Clinic Multidisciplinary Simulation Center Receives Distinction as an ACS-Accredited Education Institute
4. Rohm and Haas to Webcast Presentation at Credit Suisse Chemicals Conference
5. ABIH Approves Certification Credit for SSPC Training Courses
6. Insulet Awarded National Accreditation for Excellence by Community Health Accreditation Program
7. Pennsylvania Trauma Systems Foundation Accreditation Status for Trauma Centers
8. URAC Announces First Companies to Earn New Pharmacy Benefit and Drug Therapy Management Accreditations
9. MedPage Today(R) Continuing Medical Education Activities Now Offer AAPA Credit for Physician Assistants
10. MannKind Announces New $350 Million Credit Facility
11. Cynthia Steedman Earns Health Care Fraud Investigator Accreditation
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... Milford, NJ (PRWEB) , ... October 13, 2017 , ... ... weekend at scenic Alexandria Park in Milford, NJ. This free event, sponsored by ... and physical activity. The fun run is geared towards children of all ages; ...
(Date:10/13/2017)... VA (PRWEB) , ... October 13, 2017 , ... ... of DevOps and Agile Software Development, has been awarded a contract by the ... Blanket Purchase Agreement (BPA) aims to accelerate the enterprise use of Agile methodologies ...
(Date:10/12/2017)... ... 2017 , ... First Healthcare Compliance (FHC), an industry leader ... range of technology and learning solutions at the 68th Annual American Healthcare Association ... held October 14–18, 2017 at the Mandalay Bay Resort in Las Vegas, Nevada. ...
(Date:10/12/2017)... ... 12, 2017 , ... The company has developed a suite ... regulatory authorities worldwide. From Children’s to Adults 50+, every formula has been developed ... , These products are also: Gluten Free, Non-GMO, Vegan, Soy Free, Non-Dairy*, ...
(Date:10/12/2017)... , ... October 12, 2017 , ... ... a leader in post-acute health care, have expanded their existing home health joint ... Health. , AccentCare has been operating a joint venture home health company with ...
Breaking Medicine News(10 mins):
(Date:10/12/2017)... Divoti USA will engrave and process all non-coated ... latest FDA requirements, which stipulates new criteria regarding medical device manufacture ... Medical ID jewelry such as Medical ID Bracelets, can rest assured ... of the new FDA requirements . ... Divoti offers this dark mark fiber laser engraving process ...
(Date:10/11/2017)... 11, 2017  True Health, a leader in ... effort during National Breast Cancer Awareness month to ... Research recently ... that more than 10 million American women are ... BRCA1 or BRCA2 and have not had testing. These ...
(Date:10/7/2017)...   Provista, a proven leader in the ... purchasing power, today announced a new resource area on ... is the online home for case studies, articles ... news releases, slideshows and events. ... resources at their fingertips, viewers can also watch short ...
Breaking Medicine Technology: