1.1.7 Identity Fraud

Two Parts

Part A
Click here to review the PDF notes.
Click here for your Quiz.
Be sure to drop off your google doc into google classroom.

Part B
Click on the video on the next line:
Why Credit Card Fraud Hasn't Stopped In The U.S.
12:59
CNBC

Get out notebook paper and a blue/black pen.
The title is "Credit Card Fraud in the US"
Insert your standard heading.
Click here to see a sample.
You get a point for having the correct heading.

Answer the questions below. Circle your answer or highlight it in yellow.
You much write the Questions and the answers. (+9 for each correct answer and the correct question.)

1.	What is the considered the most common type of identity theft in the US? (It Accounts for over 40 percent of all identity theft reports)

2.	What percentage of U.S. consumers have at least one credit card?
a.	10.5%
b.	25.5%
c.	40.5%
d.	50.5%
e.	60.5%
f.	75.5% 
g.	90.5%
h.	99.5%

3.	What are the two ways that credit card fraud works?
 
4.	What is Friendly Fraud?

5.	What is a charge back?

6.	What does the Fair Credit Billing Act allow consumers to do?

7.	What is the formal title of Regulation E?

8.	What is the formal title of Regulation Z?

9.	According to experts, credit fraud is such a difficult problem to solve in the United Stated for two reasons. What are the two reasons?
  
10.	Fill in the blank:
a.	The _________________ is also playing a major role in the explosive growth in card fraud activity.

11.	What does the EMV chip do? (You may have to google this)

Drop an image copy of your paper into google classroom.