Mortgage companies apparently haven’t learned their lessons from the foreclosure fraud scandals, and continue to use automatic signatures on documents that employees never see. Last fall, major banks halted foreclosures, supposedly investigating why robo-signing was so prevalent. The banks re-started foreclosures in the winter after they re-submitted foreclosure paperwork with what they say were real signatures.
After accidentally scribbling nonsense on a verification screen and seeing that it didn’t trigger any alerts, Kingpin at DrunkRepublic decided to start goofing around with his signature when using his credit card. It led to some fun times for a while. Then it backfired. (Warning: the image after the jump is cartoonishly NSWF in a Comcast-at-the-Superbowl sort of way.)
A mysterious sounding reader known only as “sonic boom” emailed the tipline today, asking for advice on how to get UPS to stop forging his (?) signature when leaving packages with the local florist. We say Mr. Boom should consider himself lucky… we can’t even get UPS to ring our doorbell. Ever.
Writing “Ask For ID” on the back of your credit card isn’t an unimpeachable guarantee of security, but it could be the last line of defense between you and a fraudulent charge. Invoking perilously flawed logic, the Boston Globe argues: “the cardholder gains nothing by not signing the card or writing in ‘See ID’ on the signature panel.” Let’s dismantle this nonsense piece by piece.
Conclusive proof that signing your credit card slip is completely irrelevant: The Credit Card Prank II.