The Consumer Financial Protection Bureau and the Federal Trade Commission are taking on deceptive mortgage advertising and marketing in the …
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Federal Trade Commission
In the past several months, as many as a few million consumers nationwide have received automated phone calls from someone …
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Officers of a firm that allegedly helped facilitate $200 million in fraudulent charges have settled with the FTC, after paying a fine of $15,000 and promising not to do it again.
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A fake Web site created by the FTC tries to show consumers how convincing advance fee loan scams can be.
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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.
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What may seem like a prequel to the current financial crisis is actually its latest development: Foreclosure rescue companies.
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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.
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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.
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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?
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