Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System brief (04/10/2012)
  • SACRAMENTO, Calif. (4/11/12)--Ricky Flemings, 28, of Antelope, Calif., a member of Sacramento, Calif.-based Schools Financial CU,  pleaded guilty Friday to two counts of mail fraud stemming from a plan that involved claiming identity theft and allegedly getting credit reporting agencies to remove legitimate loans from his credit report to increase his credit score. The plan deceived Experian and other credit reporting agencies.  Flemings allegedly exploited provisions of the Fair Credit Reporting Act by taking out fraudulent loans from Oct. 1, 2005, through Nov. 12, 2009. He allegedly contacted Experian on multiple occasions, falsely reporting he was a victim of identity theft and demanding entries be removed from his credit report.  Experian blocked 162 inquiries and 40 trade lines from his report, which enabled Flemings to seek more credit. He received financing between July 9 and Sept. 5, 2009, from Schools Financial for a vehicle and a boat.  He allegedly then contacted Experian and asked for the entries to be removed from his credit report.  Sentencing is set for July 6 (Sacramento Bee April 7) …


RSS print
News Now LiveWire
Happy anniversary to the ATM! 45 years of self-service cash HT @GOBankingRates http://t.co/ycsm3GFwk5
57 minutes ago
.@USATODAY print edition features #creditunion membership march to #100mm. Zoom in on lower left hand corner #NewsNow http://t.co/Xv8fyX7ces
1 hours ago
No special assessment for ASI member #creditunions in 2014. See #NewsNow http://t.co/NwL9eJwbiQ
1 hours ago
.@MICreditUnions is recruiting member #creditunions to participate in a campaign to help state residents thrive in retirement.
1 hours ago
#NewsNow: How @MyCUgov makes financial education resources available (Pt1 in a 2-Pt series) http://t.co/XzvD5sj8Am
1 hours ago