Deceptive Mortgage Ads Targeted by New CFPB, FTC Initiative

Mortgages

Deceptive Mortgage Ads Targeted by New CFPB, FTC Initiative

Deceptive Mortgage Ads Targeted by New CFPB, FTC Initiative

The Consumer Financial Protection Bureau and the Federal Trade Commission are taking on deceptive mortgage advertising and marketing in the latest enforcement actions from the government agencies. Specifically, the two agencies worked together in a sweep of more than 800 mortgage ads to assess whether the ads violated the Mortgage Acts and Practices — Advertising… Read More

FTC Cracks Down on Robocall Fraud

Personal Finance

FTC Cracks Down on Robocall Fraud

FTC Cracks Down on Robocall Fraud

In the past several months, as many as a few million consumers nationwide have received automated phone calls from someone claiming to be “Rachel” from “Cardholder Services,” but the FTC recently cracked down on the companies responsible for this misleading telemarketing effort. These robocalls told consumers that they could receive significant cuts to their current credit… Read More

“Free” Credit Report Site Disclosures Now Mandatory

Credit Score

“Free” Credit Report Site Disclosures Now Mandatory

“Free” Credit Report Site Disclosures Now Mandatory

Those in search of the government-endorsed “free credit report” site should have an easier time distinguishing it from sites that claim to offer “free” reports that aren’t actually free, thanks to a new Federal Trade Commission regulation.

Consumer Harassment Rises as Collections Boom

Managing Debt

Consumer Harassment Rises as Collections Boom

Consumer Harassment Rises as Collections Boom

For many Americans with too much debt, the recent economic downturn could not come at a worse time. As more consumers fail to pay their debts and delinquency rates rise, debt collection has started to boom.

Scam alert: Fraudulent secured credit card offers

Credit Cards

Scam alert: Fraudulent secured credit card offers

Scam alert: Fraudulent secured credit card offers

This type of credit card marketing fraud is fairly common. Fraudsters often prey on people with credit problems by offering secured credit cards or pre-approved credit cards if the consumer pays a fee. After this money is sent in, the consumer never hears back and is never sent the credit card they were promised. If you have been a victim of this scam, it is important to report it to the FTC.
To avoid these scams, never accept a credit card offer that you receive over the phone. Especially if the offer requires you to pay a fee or share personal information over the phone. If you are interested in an offer made by phone, ask the company to mail you information about the program and conduct some research before you apply. They best way to open a secured credit card or credit card that accepts borrowers with bad credit is to search online for authentic programs. Be sure to read all the terms and fees before you apply. These cards can be expensive, but are often a good solution for customers trying to rebuild their credit.

Take the Grand Scam Challenge!

Identity Theft

Take the Grand Scam Challenge!

Take the Grand Scam Challenge!

Start National Consumer Protection Week by testing your fraud avoidance skills! These fun challenges from the Federal Trade Commission test your knowledge of too-good-to-be-true offers, email phishing, internet fraud and more. How much do you really know about fraud? Are you actually guarding against identity theft correctly?

Find out where you stand.
Get your FREE personalized credit report card.

Sign Up Now
X

Stay connected to our experts

Please submit your email address to get credit & money tips & advice
from our team of 30+ experts, delivered weekly to your inbox.