Associate Director, Consumer & Business Education, FTC
You may have heard that Volkswagen has agreed to a settlement with the FTC that will provide up to $10 billion to owners and lessees of VW and Audi 2.0 liter diesel cars. VW claimed 500,000 cars had low levels of harmful emissions, but they were actually much higher.
Did you know that VW will buy back affected cars for thousands of dollars more than their current replacement value? That’s compensation for VW’s untrue emissions claims and for the trouble of replacing the car.
Mosquitoes are in the news — and in popular vacation spots. If you’re worried about the Zika virus or other mosquito-borne diseases, you’ll find all sorts of products — including wristbands, stickers, and patches — that say they’ll repel mosquitos that carry Zika. But do they really work? Are you and your family as protected as they claim?
Maybe not. The FTC is concerned that some products don’t work as advertised. That’s why the FTC sent warning letters to 10 companies selling these products, urging them to remove any health claims that aren’t backed by scientific evidence — especially claims about preventing Zika and other mosquito-borne diseases.
So how can you be sure you’re buying an insect repellent that works as promised?
Have you seen ads promising easy money if you shrink-wrap your car — with ads for brands like Monster Energy, Red Bull, or Pepsi? The “company” behind the ads says all you have to do is deposit a check, use part of it to pay a specified shrink-wrap vendor, and drive around like you normally would.
But don’t jump onto the bandwagon. It’s only easy money for the scammer who placed the ads.
Attorney, FTC, Division of Consumer & Business Education
“Fool me once, shame on you; fool me twice, shame on me” is an old adage. While there’s no shame in being the victim of a scam, nobody wants to be a victim twice. That’s why the Securities and Exchange Commission (SEC) is warning consumers about a government imposter scam that targets people who’ve already been victims of fraud.
Servicemembers and their families make many sacrifices to keep the rest of us safe. They face unique challenges, including the stresses of deployment and frequent moves. Unfortunately, scammers see those sacrifices as an opportunity to create confusion and drum up endless varieties of trickery to separate military personnel from their money.
Online shopping makes it easy and convenient to search for — and buy — the must-have items on your wish list. Before you buy, check out these tips on avoiding hassles, getting the right product at the right price, and protecting your financial information.