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October 2016

FTC examines crowdfunding

Crowdfunding is the use of online platforms to fund a project or cause by raising money from a large number of people. As part of its FinTech series, the FTC will take a closer look at crowdfunding during a half-day forum on October 26.

Blog Topics: 
Jobs & Making Money

VW buybacks and lease terminations to begin

Earlier this year, the FTC sued Volkswagen for falsely claiming that its diesel cars had low levels of harmful emissions. A federal judge has approved the FTC order that requires Volkswagen to provide up to $10 billion to owners and lessees of VW and Audi 2.0 liter diesel cars. The FTC has pointers for people who own or lease a 2009 to 2015 VW TDI Beetle, Golf, Jetta, Passat or Audi TDI A3.

Blog Topics: 
Money & Credit

Kids turning 16? Check their credit report.

Any parent or guardian of a child knows the milestones that come with turning 16 – learning to drive, maybe dating, or thinking about college. But now, there’s one more: checking their credit report.

Blog Topics: 
Money & Credit

Buying cosmetic contact lenses without a prescription is scary

Halloween is right around the corner. And if you’re looking to top off your costume by wearing cosmetic contact lenses, read on.

Blog Topics: 
Health & Fitness

Buying a Used Car

Whether you’re 16 or 60, buying a used car can be an exciting experience. But it can also be a big financial commitment, with some industry reports estimating that the average price of a used car is close to $20,000. A new consumer.gov article gives you tips for buying a used car, written in a plain and simple style that cuts to the chase.

row of parked cars

 

Blog Topics: 
Money & Credit

Phony computer techs shut down

Scammers know people pay attention to warning signs, like the car’s “check engine” light, or railroad crossing gates and weather alerts. So when a fraudster wants to grab your attention, he may disguise his pitch as a warning. At the FTC’s request, a federal court temporarily shut down and froze the assets of an operation that allegedly used phony online warnings about computer security, and deceived people into spending millions of dollars on unnecessary computer technical support services.

Woman on phone talking to scammer

Preparing for Hurricane Matthew

Hurricane Matthew has left the Caribbean and is on its way to the east coast of the U. S. If you live in states along the coast and haven’t begun storm preparations, now’s the time. The FTC has information to help you prepare for, deal with, and recover from the long-term impacts of a weather emergency.

Blog Topics: 
Money & Credit

ITT Tech closure — Next steps

Are you a former ITT Tech student trying to plan your next steps? You’re not alone. Thousands of former students have questions about the status of their student loans and the future of their education.

As you consider what to do next, here’s some helpful information from the Department of Education (ED) about two options available to ITT students: getting your federal student loans discharged, or trying to transfer your ITT Tech credits to another school.

Online or on paper, get the latest FTC identity theft info

Looking for information on dealing with identity theft? The FTC has new and revised identity theft publications that reflect features of IdentityTheft.gov that make it easier to report and recover from identity theft.

Here’s what’s hot off the presses:

Beware of supplements promising big relief

You might try to get relief from occasional body aches and pains with an over-the-counter treatment. But for people with severe joint stiffness or mobility restrictions due to arthritis or fibromyalgia, it’s a good idea to get medical advice. According to the FTC, some products that claim to treat those serious conditions don’t live up to the hype. Today the FTC announced a settlement against a company that claimed its "clinically proven" supplement promised "complete and long-lasting relief" from joint pain.

Blog Topics: 
Health & Fitness