Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Fake CU also prompts alerts in Pennsylvania
HARRISBURG, Pa. (4/13/09)--The Pennsylvania Department of Banking has issued a consumer scam alert about an entity calling itself "First Star Lending Services" and "First Star Credit Union," believed to be the same entity that received a cease-and-desist order from a Michigan regulator last week. The Pennsylvania department warned about an apparent advance fee loan scam using the names at www.firststarlendingservices.com (Life is a Highway April 10). Two consumers said they applied to the company for loans ranging from $7,000 to $10,000. When they were asked to pay several hundred dollars in upfront fees to receive their loans, they became suspicious and did not send any funds. The companies claim to be located at 1800 Loucks Rd., Suite 850, York, Pa. However, no such address exists there. First Star Lending Services claims to offer first and second mortgages, consumer loans and other financial products, but it is not licensed by the Pennsylvania Department of Banking. There is no First Star CU chartered by state or federal regulators said the department. Friday News Now reported that the Michigan Office of Financial and Insurance Regulation issued a cease-and-desist order against a fake credit union, "Firststar CU," claiming to be a Pennsylvania-based credit union. OFIR said the institution is a fraudulent financial institution (News Now April 10).


RSS





print
News Now LiveWire
Consumer spending flatlines, savings ramp up #Market #NewsNow http://t.co/94kPuBpMRK
14 minutes ago
.@Cornerstone_CUL in 2014: $9K in savings per member #NewsNow #CUSystem http://t.co/7LnsV876cs
2 hours ago
RT @CUNA: Bill to codify #creditunion Advisory Council, is introduced by @reppittenger @RepDennyHeck HT @newsnowlivewire http://t.co/0zviXx…
2 hours ago
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
19 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
20 hours ago