By: Robert J. Nahoum If you have purchased a car in the last several years, chances are you were asked to “sign” documents electronically—either on a tablet like an iPad or on a small signature capture pad. While these technologies are marketed as convenient and modern, they can also be used in ways that leave consumers in the dark about […]
Tablet vs. Signature Pad in Car Sales: How Digital Signing Can Hide Loan Terms (and What the Law Says)
SIM Swapping Scams and Unauthorized Bank Transfers: What Consumers Need to Know Under the EFTA
By: Robert J. Nahoum SIM swapping scams are rapidly becoming one of the most dangerous forms of financial fraud in the United States. These scams can give criminals full access to your bank accounts, often leading to devastating unauthorized electronic funds transfers. If you have experienced this type of fraud, federal law—specifically the Electronic Funds Transfer Act (EFTA)—may provide powerful […]
Suspicious Activity Scam Alerts Draining Bank Accounts: When Victims Have Rights Under the EFTA
By: Robert J. Nahoum Scam alerts warning of “suspicious activity” on your bank account are becoming increasingly sophisticated—and increasingly dangerous. A recent report highlights how fraudsters are using these messages to trick consumers into giving up access to their accounts, often leading to devastating financial losses. If you or someone you know has fallen victim to this type of fraud, […]
How Phishing Scams Lead to Unauthorized Transfers—and Your Rights Under the EFTA
By: Robert J. Nahoum Phishing scams are no longer just about suspicious emails, they are one of the leading causes of unauthorized electronic funds transfers affecting everyday consumers. When scammers gain access to your banking information through deception, the financial fallout can be immediate and severe. Fortunately, federal law offers important protections. What Is a Phishing Scam? A phishing scam […]
EFTA Notice Deadlines: The Critical Difference Between 2-Day and 60-Day Rules for Unauthorized Transfers
By: Robert J. Nahoum Discovering an unauthorized transfer from your bank account is alarming. But your financial protection under the Electronic Fund Transfer Act (EFTA) depends critically on when you report it. The EFTA establishes two essential deadlines: the 2-day rule and the 60-day rule. Understanding both, and how they work together, can mean the difference between losing $50 or losing thousands. At Nahoum Law, we represent […]
Data Breaches and Unauthorized Electronic Funds Transfers: What Consumers Need to Know
By: Robert J. Nahoum Data breaches are no longer rare events; they are an unfortunate and routine part of modern life. One of the most damaging consequences for consumers is the rise in unauthorized electronic funds transfers (EFTs), where money is withdrawn from a bank account without permission. If you have ever discovered unfamiliar withdrawals from your checking account, a […]
Account Takeover (ATO) & Stored Credentials: How Unauthorized Transfers Happen and What You Can Do
By: Robert J. Nahoum Account takeover (ATO) is one of the fastest-growing forms of financial fraud, and it often leads directly to unauthorized electronic funds transfers from your bank account, credit card, or payment apps. Many consumers are surprised to learn that these incidents frequently involve “stored credentials”, saved usernames, passwords, or payment information, — rather than traditional hacking in […]
The “Federal Lemon Law” What Is the Magnuson-Moss Warranty Act and How Does It Impact Auto Sales
By: Robert J. Nahoum Many consumers assume that when something goes wrong with a vehicle, the warranty will protect them. Unfortunately, auto dealers and manufacturers do not always honor those promises. That is where the Magnuson-Moss Warranty Act comes in, a powerful federal law designed to protect consumers from deceptive warranty practices. If you purchased a car and the dealer […]
Extended Warranty vs. Service Contract: What’s the Difference and Why It Matters Legally?
By: Robert J. Nahoum When buying a car, especially a used one, dealers often push “extended warranties” as a way to protect you from costly repairs. But here’s the problem: many of these products are not actually warranties at all. They are service contracts, and that distinction can have serious legal consequences. If you’ve ever felt confused or misled during […]
Must Auto Dealers Provide Finance Car Buyers with a Copy of the Sales Contract?
By: Robert J. Nahoum When you finance a car through a dealership, one of the most important documents in the transaction is the retail installment sales contract. The buyer should receive a copy of that contract, because it shows the real terms of the deal and helps the consumer verify what was actually agreed to. This matters not only as […]