Sentences with phrase «credit under false pretenses»

Credit fraud — which amounts to obtaining credit under false pretenses through misrepresentation — costs the banking industry tens of billions of dollars a year.

Not exact matches

If these exchanges lack appropriate KYC protocols or operate under false pretenses, then the credit card company might struggle to reverse fraudulent transactions.

It's a federal crime to lie on a loan or credit application, to misrepresent your SSN, and to obtain an EIN from the Internal Revenue Service under false pretenses.

Other White Collar crimes include obtaining loans under false pretenses, Grand Larceny, petit larceny or forgery, check kiting activities, processing counterfeited checks, credit card fraud or other White Collar Crimes.

The Scotts sued, claiming that their credit reports had been obtained under false pretenses, in violation of federal and state law, and for failure to provide adequate notice under New York law.

To determine whether the Scotts» credit reports had been obtained under false pretenses, the court examined the «permissible purposes» set forth in section 1681b of the FCRA.