Category: credit card fraud

CIBC Fined $3 Million for Billing Irregularities Related to Lost or Stolen Credit Cards

June 23, 2023
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The Canadian Imperial Bank of Commerce (CIBC) has been fined $3 million for billing irregularities affecting more than 130,000 credit card accounts over an 18-year period, according to a decision issued by a national financial watchdog. In her decision published on June 22, Judith Robertson, commissioner of the Financial Consumer Agency of Canada (FCAC), said…

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Spending: Credit Cards Offering Security Perks

January 6, 2023
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By Rivan V. Stinson From Kiplinger’s Personal Finance Credit card issuers offer many perks for their customers, but one of them is peace of mind. Cards often provide some protections against thieves and unauthorized charges. Capital One’s CreditWise and Chase’s Credit Journey, for example, offer cardmembers—and non-cardmembers—free credit monitoring. The services track your Social Security…

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