The California Public Interest Research Group has released a new report on identity theft that should raise some eyebrows. Pulling together statistics from the High Technology Theft Apprehension and Prosecution program, the Federal Trade Commission, Javelin Strategy and Research, and other credible sources, CALPIRG paints an increasingly bleak picture concerning financial identity theft. Of greatest interest to your Guide was the information on new account fraud.
Just two days before the student loan interest rate was scheduled to double, Congress passed a measure that includes maintaining the current 3.4 percent loan interest rate for more than 7 million students.
With six days left before Congress makes a decision on the doubling ofstudent loan interest rates, President Barack Obama and college students around the country continue to push for congressional action to stop the increase.