Statewide consumer shredding events offered this fall
Consumer Protection | Department of Justice | Department of Justice Press Releases | Fraud | Date Posted: Thursday, September 18, 2014
Attorney General Beau Biden announced that his Consumer Protection Unit is hosting three free consumer shredding events this fall to help consumers guard against identity theft. Each event will feature free on-site document shredding and staff will be on-hand to provide information and answer questions about consumer frauds and scams.
J.P. Morgan Securities to pay $51,400 to Biden’s Investor Protection Unit
Consumer Protection | Department of Justice | Fraud | Investor Protection | Date Posted: Thursday, September 11, 2014
Attorney General Beau Biden announced Thursday that J.P. Morgan Securities has paid the Delaware Department of Justice $51,400 as a result of a settlement with the Attorney General’s Investor Protection Unit. The settlement resolves a multi-state investigation which found that J.P. Morgan Securities failed to ensure that its agents were properly registered in Delaware and other states, and failed to properly record data on trades executed in Delaware and other states.
Biden’s Investor Protection Unit Gauging Vulnerability to Cybersecurity Threats
Department of Justice | Department of Justice Press Releases | Fraud | Investor Protection | Date Posted: Wednesday, September 10, 2014
Delaware’s Investor Protection Unit is participating in a nationwide project to gauge the strength of Delaware investment advisers’ cybersecurity systems. Delaware law requires investment firms to register with the state’s Investor Protection Unit, and that office recently sent surveys to 44 investment companies covering areas such as whether the investment adviser has experienced a cybersecurity event in the past year, experienced loss or theft because of a cybersecurity breach and when the adviser last underwent a cybersecurity threat assessment.
Biden’s insistence on accountability for mortgage crisis leads to $45 million for Delaware, millions more in financial benefits for Delawareans from Bank of America
Department of Justice | Department of Justice Press Releases | Fraud | Investor Protection | Date Posted: Thursday, August 21, 2014
Biden has now secured at least $180 million from banks for conduct that caused mortgage crisis; Delaware is one of four states to participate directly in past three major settlements Wilmington – Bank of America has agreed to pay $45 million to Delaware and provide significant financial benefits to Delaware homeowners to settle allegations that […]
Biden acts to protect military servicemembers from predatory lending scheme
Consumer Protection | Department of Justice | Department of Justice Press Releases | Fraud | Date Posted: Tuesday, July 29, 2014
Wilmington – Delaware Attorney General Beau Biden has joined the Consumer Financial Protection Bureau and 12 other states in a settlement with a consumer lender commonly known as Rome Finance Company that resolves allegations the lender, which specialized in providing consumer financing to military servicemembers, engaged in predatory lending practices that cost servicemembers tens of […]
