Lately, I have been reading\u00a0 a lot of scary sounding reports in both the local and national news.\u00a0 The theme is the same; a criminal has stolen credit cards from an honest and hardworking individual.\u00a0\u00a0 Said criminal is now on a crime spree, charging expensive purchases in someone else’s name!\u00a0 If you have any information to help the police arrest this horrible person, contact them immediately.<\/p>\n
Credit Card Theft Is Bad…For The Bank<\/strong><\/p>\n The theft and fraudulent use of credit cards is both wrong and a crime.\u00a0 What many of these reports fail to mention is that the victim here is the bank, not the cardholder.\u00a0 Although Federal Law says that the cardholder may only be held responsible for up to $50, I have yet to hear of a cardholder left holding the bag for a single cent of fraudulent charges.\u00a0 In the vast scheme of crimes that make the news, I would have to rank credit card fraud as one of the least serious.\u00a0 It is non-violent, the losses are small, and the victims are giant corporations.\u00a0 From both an individual and a societal standpoint, I’ll take that any day over murders, rapes, kidnappings, drug use, child molestations and other crimes against individuals.<\/p>\n