Money & Credit

Is that health insurance website for real?

Shopping for health insurance online? Before making your final purchase – read on. Health insurance scams have been preying on vulnerable consumers through websites selling medical discount plans.

A lesson for WordSmart: Tell the truth

If you’re a parent, you want to see your child succeed in school. So it may seem like a wise investment when a company claims that its products will improve your kids’ grades, test scores, IQ, reading speed and comprehension and even offers a money-back guarantee. The problem? The FTC found that a company making these claims, WordSmart Corporation, allegedly had no substantiation to support them and relied on outright lies to generate business.

Blog Topics: 
Money & Credit

AT&T’s $105 million “cramming” settlement leads to refunds

Ongoing efforts by the FTC and its federal and state partners to stop mobile cramming have resulted in a whopping $105 million dollar settlement with AT&T — the biggest to date with a prominent mobile phone carrier. Even better news for affected AT&T customers? They might be eligible for a refund.

Blog Topics: 
Money & Credit

FTC: Telemarketing scam stole money from older consumers

How low can scammers go? As low as stealing from older consumers to line their own pockets. The FTC says some scammers claimed to be calling on behalf of the government to verify information for a new Medicare card or Medicare-related package. In fact, it was a ruse to get people’s bank account information to make unauthorized withdrawals from their accounts.

Blog Topics: 
Money & Credit

Hold on to your disability settlement

If you have a disability and need money, here’s a pitch that might catch your interest: “Need money now? Our company can give you access to cash when you need it.”

Blog Topics: 
Money & Credit

After 100 years, looking ahead to our next century

One hundred years ago today, the New York Times’ news pages were filled with coverage of the outbreak of World War I in Europe. There were stories about the newly opened Panama Canal and the growing movement for women’s suffrage. For $200, an ad in the paper offered readers the chance to purchase a Victrola phonograph.

Two weeks earlier in September 1914, readers of the Times may also have noticed a news item under the single-column headline: “Trade Board Bill Wind-Up.” It reported that Congress had enacted new antitrust legislation creating a bipartisan, five-member body called the Federal Trade Commission.

FTC@100 logo

Blog Topics: 
Money & Credit

Debt Collection & the Latino Community Roundtable Agenda

On October 23rd, consumer advocates, industry leaders, state and federal regulators and academics will meet at the Grand Ballroom at California State University, Long Beach, for a roundtable discussion on Debt Collection & the Latino Community. The event is being hosted by the Federal Trade Commission and the Consumer Financial Protection Bureau. Please note the venue change to the Grand Ballroom.

Blog Topics: 
Money & Credit

FTC to abusive debt collectors: You’re outta business!

Imagine getting a phone message like this:

This is the Civil Investigations Unit. We are contacting you in regards to a complaint being filed against you, pursuant to claim and affidavit number D00D-2932, where you have been named a respondent in a court action and must appear… Please forward this information to your attorney in that the order to show cause contains a restraining order. You or your attorney will have 24 to 48 hours to oppose this matter… Call 757-555-1234.

Blog Topics: 
Money & Credit

A bitcoin breakdown

If you’re interested in technological, financial or social innovation, you’ve probably heard of Bitcoin. It’s a virtual currency used by people around the world to make purchases online, or in person using a mobile app. As more merchants accept the currency — and more companies pitch Bitcoin investments — more people are curious about how it works.

Unlike dollars, pesos or yen, bitcoins are not backed by a government or distributed by a central bank. Instead, bitcoins are created on the peer-to-peer bitcoin network through a process called “mining.”

Staying current: Bitcoin and other cryptocurrencies

You may have heard about them in the news, through one of your favorite online shopping sites, or from a friend who always has the latest scoop on technology trends: cryptocurrencies, like Bitcoin, are a way to buy things online — or in person, using a mobile app — with sellers who agree to accept them.

Pages