Enjoy our roundup of stories that piqued our interest this week.
This week we tackle the following:
- US Territory Legalizes Cannabis - First legalization through the legislature and not voter initiated.
- Fraternity Death at Murray State - Two fraternities put on probation for underage drinking.
- Why Freezing Your Credit Is Usually a Bad Idea - We recently discussed the benefits of freezing your credit to combat fraud. Here's a counterargument.
- Straight Talk: Be aware of identity-theft tactics - Better Business Bureau tips to avoid identity theft.
The acceptability of marijuana continues with the Commonwealth of the Northern Mariana Islands (CNMI), a US Territory in the Pacific. Barriers continue to be broken down and we expect this trend to continue. The territory is also the first U.S. jurisdiction to go from having cannabis totally illegal to allowing recreational use without first having a medical marijuana program.
Vermont legislators passed a bill to end marijuana prohibition this year, but it only allows for possession and home cultivation, not legal sales.
Typically the tragic news about fraternity culture revolves around pledging and hazing. At Murray State, a 19-year old male visiting a friend died following a party where school officials suspended the frat for irresponsible use of alcohol and underage drinking.
Credit freezes will stop fraudsters from opening new lines of credit in your name while still enabling you to take out loans and new lines of credit as needed. However, if you are not diligent in your approach, you may be denied for credit since lenders can't assess your creditworthiness. A credit freeze is also not foolproof. If thieves get hold of your credit card number, for example, they can still run up a bunch of charges in your name, credit freeze or no.
Scams are designed to either steal your money now, or steal your identity in order to steal your money later. Scammers have all kinds of techniques to collect personally identifiable information (PII). Once they have it, they can effectively become you, using your identity to open accounts, file taxes or obtain medical coverage.