Latest news with #PetroffAmshenLLP
Miami Herald
16-05-2025
- Business
- Miami Herald
Credit Card Identity Theft Tops National Fraud Reports: Petroff Amshen LLP Responds With Legal Advocacy
As credit card identity theft becomes the most reported type of fraud in the United States, New York residents are among the most affected. With thousands of new accounts opened fraudulently, Petroff Amshen LLP steps in to help victims take legal action and restore their credit. The firm emphasizes the importance of going beyond credit monitoring to reclaim financial control. NEW YORK CITY, NEW YORK / ACCESS Newswire / May 15, 2025 / According to the Federal Trade Commission, Credit card identity theft emerged as the most common type of fraud in the United States in 2024. With over 439,000 reported cases in a single year, Americans are facing an unprecedented wave of unauthorized credit activity. Petroff Amshen LLP, a New York-based consumer protection law firm, is responding with legal action and advocacy in support of victims of identity theft. The numbers show a consistent quarterly rise: 116,612 cases in Q3 marked the highest spike, followed closely by 112,465 in Q4. The bulk of the cases stem from credit card identity theft on new accounts-with 404,152 total cases-while theft involving existing accounts still accounted for more than 52,000. Together, they dominate the national identity theft landscape. These figures reflect more than just statistics-they tell the story of how personal data can be weaponized to create long-term financial harm. Victims are often unaware of the impact until it surfaces during an identity theft credit check, when new or unfamiliar credit accounts appear in their reports. At that point, it's often too late for simple fixes-legal intervention becomes necessary. New York Has Been Harshly Affected: Credit Card Fraud Leads Identity Theft Reports in the State In New York State alone, 26,736 cases of credit card identity theft were reported in 2024, with countless unreported cases. This makes credit card identity theft the most common form of identity theft statewide. It significantly outpaced other forms, such as loan or lease identity theft, which ranked third with 7,811 cases. Additionally, a combined category of identity theft involving online shopping, email, social media, and insurance fraud accounted for 15,965 reports, making it the second most prevalent type in New York. While not every category requires legal resolution, the overwhelming presence of credit-related fraud signals the need for strong legal advocacy in the state. Petroff Amshen LLP addresses these threats head-on by offering legal representation specifically tailored to victims of credit card identity theft. The firm assists clients in their dispute of fraudulent credit activity, communicates with creditors, and acts to remove unauthorized accounts from their credit history-steps that go beyond traditional credit repair. "When identity theft goes unchecked, the damage can linger for years-especially when it involves credit cards and loans fraudulently opened in your name. Our mission is to restore financial control through aggressive legal action," said Serge F. Petroff, Founding Partner of Petroff Amshen LLP. The team of attorneys at Petroff Amshen, LLP support clients from the initial credit check identity theft discovery to final legal resolution. By enforcing Federal and State consumer protection laws, the firm ensures that individuals affected by identity theft have a path forward to financial recovery. 5 Signs You May Be a Victim of Credit Card Identity Theft Petroff Amshen LLP encourages consumers to act immediately if they recognize any of these warning signs: New credit accounts appear on your credit report that you didn't openYour credit score drops unexpectedlyYou receive calls from debt collectors about unfamiliar charges or accountsYou receive letters or emails from banks you've never usedYou are denied credit based on accounts you don't recognize These signs often emerge during routine financial activity like loan applications, and they serve as an indication that a more serious issue may be unfolding. Legal support can make the difference between temporary damage and long-term financial instability. Legal Action That Delivers Results Petroff Amshen LLP is committed to defending the financial rights of everyday New Yorkers by raising awareness about legal options for victims of identity theft. With decades of experience in identity theft, foreclosure defense, and federal litigation, the firm promotes action through legal channels-not just credit monitoring-offering strategic and personalized representation. Find out more by following us: Instagram: @petroffamshenFacebook: Petroff Amshen Petroff Amshen LLP | New York SOURCE: Petroff Amshen LLP press release
Yahoo
15-05-2025
- Business
- Yahoo
Credit Card Identity Theft Tops National Fraud Reports: Petroff Amshen LLP Responds With Legal Advocacy
As credit card identity theft becomes the most reported type of fraud in the United States, New York residents are among the most affected. With thousands of new accounts opened fraudulently, Petroff Amshen LLP steps in to help victims take legal action and restore their credit. The firm emphasizes the importance of going beyond credit monitoring to reclaim financial control. NEW YORK CITY, NEW YORK / / May 15, 2025 / According to the Federal Trade Commission, Credit card identity theft emerged as the most common type of fraud in the United States in 2024. With over 439,000 reported cases in a single year, Americans are facing an unprecedented wave of unauthorized credit activity. Petroff Amshen LLP, a New York-based consumer protection law firm, is responding with legal action and advocacy in support of victims of identity theft. The numbers show a consistent quarterly rise: 116,612 cases in Q3 marked the highest spike, followed closely by 112,465 in Q4. The bulk of the cases stem from credit card identity theft on new accounts-with 404,152 total cases-while theft involving existing accounts still accounted for more than 52,000. Together, they dominate the national identity theft landscape. These figures reflect more than just statistics-they tell the story of how personal data can be weaponized to create long-term financial harm. Victims are often unaware of the impact until it surfaces during an identity theft credit check, when new or unfamiliar credit accounts appear in their reports. At that point, it's often too late for simple fixes-legal intervention becomes necessary. New York Has Been Harshly Affected: Credit Card Fraud Leads Identity Theft Reports in the State In New York State alone, 26,736 cases of credit card identity theft were reported in 2024, with countless unreported cases. This makes credit card identity theft the most common form of identity theft statewide. It significantly outpaced other forms, such as loan or lease identity theft, which ranked third with 7,811 cases. Additionally, a combined category of identity theft involving online shopping, email, social media, and insurance fraud accounted for 15,965 reports, making it the second most prevalent type in New York. While not every category requires legal resolution, the overwhelming presence of credit-related fraud signals the need for strong legal advocacy in the state. Petroff Amshen LLP addresses these threats head-on by offering legal representation specifically tailored to victims of credit card identity theft. The firm assists clients in their dispute of fraudulent credit activity, communicates with creditors, and acts to remove unauthorized accounts from their credit history-steps that go beyond traditional credit repair. "When identity theft goes unchecked, the damage can linger for years-especially when it involves credit cards and loans fraudulently opened in your name. Our mission is to restore financial control through aggressive legal action," said Serge F. Petroff, Founding Partner of Petroff Amshen LLP. The team of attorneys at Petroff Amshen, LLP support clients from the initial credit check identity theft discovery to final legal resolution. By enforcing Federal and State consumer protection laws, the firm ensures that individuals affected by identity theft have a path forward to financial recovery. 5 Signs You May Be a Victim of Credit Card Identity Theft Petroff Amshen LLP encourages consumers to act immediately if they recognize any of these warning signs: New credit accounts appear on your credit report that you didn't open Your credit score drops unexpectedly You receive calls from debt collectors about unfamiliar charges or accounts You receive letters or emails from banks you've never used You are denied credit based on accounts you don't recognize These signs often emerge during routine financial activity like loan applications, and they serve as an indication that a more serious issue may be unfolding. Legal support can make the difference between temporary damage and long-term financial instability. Legal Action That Delivers Results Petroff Amshen LLP is committed to defending the financial rights of everyday New Yorkers by raising awareness about legal options for victims of identity theft. With decades of experience in identity theft, foreclosure defense, and federal litigation, the firm promotes action through legal channels-not just credit monitoring-offering strategic and personalized representation. Find out more by following us: Instagram: @petroffamshenFacebook: Petroff Amshen Petroff Amshen LLP | New York Contact Information Gabriel BoteroMedia Relationsmedia@ 336-4200 SOURCE: Petroff Amshen LLP View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
15-04-2025
- Business
- Associated Press
New York Court Shuts Down Foreclosure Attempt, Citing Expired Deadline Under the Foreclosure Abuse Prevention Act
Petroff Amshen LLP's foreclosure defense attorneys secured a major legal victory after a New York court dismissed a time-barred foreclosure case. The ruling confirms that the Foreclosure Abuse Prevention Act ('FAPA') applies retroactively and blocks financial entities from manipulating timelines. This decision protects homeowners and strengthens legal defenses against long-standing foreclosure threats. NEW YORK CITY, NEW YORK / ACCESS Newswire / April 15, 2025 / A Brooklyn homeowner has won a major legal battle after a New York court dismissed a foreclosure case brought by a financial entity. The court ruled that the foreclosure was filed late-and that the bank couldn't legally restart the process after the deadline had already passed. The case was handled by Petroff Amshen LLP, a New York law firm that fights for homeowners facing unfair or prolonged foreclosure threats with legal advocacy for its clients. The foreclosure in question was tied to a mortgage that had been the subject of a previous foreclosure case years ago. That earlier case had been dismissed, but the financial entity later tried to bring it back to court by sending a letter in 2018-claiming the mortgage was no longer accelerated. That move was meant to restart the clock and give them more time to file a new foreclosure. Thanks to the Foreclosure Abuse Prevention Act ('FAPA')-designed to stop financial institutions from dragging out foreclosure cases for years-banks can no longer restart the timeline just by sending a letter. The law protects homeowners from being stuck in legal limbo and applies to cases that were already in progress before the law was passed. Importantly, the court confirmed that FAPA can be applied retroactively, even to foreclosure actions that started before the law existed. The court rejected arguments that this violates constitutional rights like due process or contract protections, stating that the law was created to fix a confusing and unsettled area of foreclosure litigation. Because the rules around deacceleration weren't clear in 2018, the court determined that applying FAPA retroactively does not unfairly harm financial institutions, and instead accurately protects homeowners' rights. 'This case represents more than just a legal victory-it's a critical moment for homeowners who have been left in limbo by the banking industry's inconsistent and self-serving tactics,' said Steven Amshen, founding partner of Petroff Amshen LLP. 'The court sent a clear message: you cannot manipulate time and law to trap people in endless foreclosure cycles. FAPA exists to level the playing field, and we're here to enforce it.' The judge agreed that the six-year deadline to start a foreclosure had already passed, and that the attempt to reset the clock wasn't valid under the law. As a result, the court dismissed the foreclosure case entirely and denied all of the financial entity's requests, including its efforts to move forward with the process. This ruling is part of a growing number of decisions that show how FAPA is helping New Yorkers stand up to unfair foreclosure attempts. It sends a strong message: homeowners deserve clear answers, legal protection, and finality-not years of stress caused by repeated filings. Key highlights from the court's decision: Petroff Amshen LLP, a New York based law firm, has been advocating for New Yorkers' to keep their home since the 2008 recession, helping people fight back against foreclosures, mortgage abuse, and credit damage. Their foreclosure defense attorneys work directly with homeowners to challenge illegal practices and defend their rights in and out of court. 'As long as financial entities continue to use delay tactics and stretch the law to their advantage, we will be in court fighting back,' added Mr. Amshen. 'Our clients deserve finality, dignity, and protection-and we won't stop until they get it.' Contact Information Gabriel Botero Media Relations [email protected] (718) 336-4200 SOURCE: Petroff Amshen LLP press release
Yahoo
18-02-2025
- Automotive
- Yahoo
Auto Loan Fraud on the Rise: Petroff Amshen LLP Helps Consumers Reclaim Their Financial Stability
Identity theft and credit reporting mistakes tied to auto loans are leaving consumers with financial headaches. Petroff Amshen LLP is stepping in to offer legal solutions that help people regain control of their credit reports and financial well-being. NEW YORK CITY, NEW YORK / / February 18, 2025 / Petroff Amshen LLP, a New York-based law firm committed to defending consumer rights, has identified a troubling rise in auto loan-related fraud and errors, leaving consumers struggling with unjust financial consequences. As financial stress intensifies, cases of identity theft and inaccurate credit reporting have surged, burdening individuals with wrongful debt and compromised credit scores. Auto loans, or car loans, are a common form of financing that allows individuals to purchase a vehicle by borrowing money from a lender and repaying it over time, often with interest. While these loans can provide financial flexibility, they also come with risks, particularly when errors in credit reporting or fraudulent activity occur. Consumers can find themselves responsible for loans they never took out or struggling with incorrect information that damages their credit standing. Petroff Amshen LLP has observed that navigating auto loan financing has become increasingly risky for consumers. Errors in credit reports, fraudulent loan applications, and misleading lending practices have led to financial instability for many individuals. In response, the firm is taking legal action to protect consumers and ensure that wrongful credit reporting does not go unchallenged. Auto loans often represent a significant financial commitment for American households. However, the process of securing financing is fraught with potential pitfalls, including misleading lending practices, data breaches, and reporting inaccuracies that can severely damage a consumer's credit profile. Identity theft, in particular, has become a pressing issue, as fraudsters exploit personal data to secure loans, leaving victims to deal with the fallout. "We are seeing more and more consumers blindsided by fraudulent activity or errors on their credit reports, often when it's too late," said Serge F. Petroff, Founding Partner of Petroff Amshen LLP. "Our mission is to provide these individuals with a robust legal defense, ensuring their rights are protected and their financial futures are secure." Petroff Amshen LLP employs legal strategies designed to challenge identity theft and wrongful credit reporting cases. The firm's comprehensive approach includes: Investigating Discrepancies - Examining credit reports for errors or fraudulent entries related to auto loans. Litigating on Behalf of Clients - Pursuing legal action against lenders and credit reporting agencies that fail to address discrepancies or perpetuate inaccuracies. Guiding Through Restoration - Assisting clients in restoring their credit and resolving any associated financial liabilities. The consequences of unchecked identity theft and credit reporting errors are far-reaching. A damaged credit score can hinder access to future financing, inflate interest rates, and create long-term financial instability. Additionally, auto loans often involve significant sums, amplifying the impact of any inaccuracies or fraudulent activity. "Time is of the essence in these cases," added Mr. Petroff. "The longer an issue persists, the more it can hurt your financial standing. We encourage anyone who suspects identity theft or errors in their auto loan reporting to seek legal advice immediately." Petroff Amshen LLP is committed to raising awareness about consumer rights in the auto loan sector. The firm underscores the importance of vigilance when reviewing loan agreements, credit reports, and statements for any irregularities. By taking proactive measures, individuals can minimize the risks of fraud and protect their financial interests. For those already affected, Petroff Amshen LLP offers a pathway to resolution. Whether through litigation or negotiation, the firm ensures that clients receive the representation they deserve, holding institutions accountable for their role in perpetuating errors or neglecting due diligence. Contact Information Gabriel BoteroMedia Relationsmedia@ 336-4200 SOURCE: Petroff Amshen LLP View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
11-02-2025
- Business
- Yahoo
CFPB's Crackdown on Credit Reporting Failures Exposes Major Violations Impacting Consumers
Petroff Amshen LLP is committed to holding financial institutions accountable after the CFPB exposed major credit reporting failures affecting hundreds of thousands of consumers. The firm advocates for consumers' rights, challenges deceptive practices, and ensures transparency in the financial sector. NEW YORK CITY, NEW YORK / / February 11, 2025 / The Consumer Financial Protection Bureau (CFPB) has once again highlighted massive violations in the financial sector, demanding a $12.8 million penalty from a major auto financing company for scandalous credit reporting failures. This latest action highlights a disturbing trend of lenders using careless and deceptive practices that directly harm consumers. For hundreds of thousands of borrowers, inaccurate credit reporting isn't just a minor error-it's a life-altering mistake. People depend on their creditworthiness for vital financial decisions, like securing housing, getting loans, or even finding employment. When a lender misreports payment statuses, it's not just a clerical error-it's a serious lapse that can have devastating consequences. During the COVID-19 crisis, the auto financing company offered borrowers the chance to defer payments. But instead of accurately reporting these deferrals, the company wrongly marked borrowers as delinquent. This betrayal impacted 300,000 consumers, destroying their financial standing during one of the most difficult times in modern history. Even when the lender recognized its mistakes, it refused to fix them, leaving consumers to deal with the fallout. Beyond the credit reporting mistakes, the company also ignored its legal duty to properly investigate disputes. Consumers who challenged the false information were met with silence-no investigation, no updates, and no corrections on their reports. The CFPB's decision requires the company to pay $10.3 million to affected consumers and another $2.5 million in penalties. While this fine sends a strong message, it doesn't undo the damage done to the borrowers whose financial stability was destroyed. And it raises bigger questions about the industry's ongoing failure to follow the law, be transparent, and act ethically. At Petroff Amshen LLP, we've seen how these reckless practices can tear apart individuals and families. Credit reporting errors don't just hurt your credit score-they can lead to denied mortgages, lost job opportunities, and higher borrowing costs. When institutions neglect their responsibilities, it's the consumers who bear the brunt. We're here to stand up against these injustices and hold these financial institutions accountable. "When financial institutions neglect their duty to consumers, the damage is far-reaching. It's not just about credit scores-it's about people's lives. That's why we fight for accountability and transparency in every case." - Serge F. Petroff, Founding Partner, Petroff Amshen LLP This is not an isolated case. The CFPB has gone after several financial institutions for similar offenses. From deceptive credit reporting to discriminatory lending, financial companies continue to take advantage of consumers for profit. The latest case just proves that regulatory fines aren't enough to stop reckless behavior. At Petroff Amshen LLP, we're proactive in defending consumers' rights. Our team is committed to challenging unfair lending practices and exposing financial institutions that refuse to do the right thing. When lenders misreport information, refuse to fix mistakes, or mislead borrowers, they must be held accountable. Consumers deserve transparency, accuracy, and the power to correct errors that hurt their financial future. If you've been affected by false credit reporting or unfair practices, don't fight this battle alone. Petroff Amshen LLP is here to help you understand your legal options, challenge deceptive practices, and fight for the justice you deserve. You have the law on your side, and we're right there with you. Contact Information Gabriel Botero Media Relationsmedia@ 336-4200 SOURCE: Petroff Amshen LLP View the original press release on ACCESS Newswire
