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Military Consumer Financial Workshop is July 19th

I’m the proud daughter of a Navy veteran, and attended school on two military bases from elementary through high school. Looking back – although I may not have fully understood the consequences at the time – I see how various financial issues and scams affected the lives of my military friends and their families. That’s why I take consumer protection for servicemembers, veterans and their families seriously. For me, it’s personal. It’s also a top priority for the FTC.

Check up on your credit every year

Did you ever apply for credit and were refused? There may be something on your credit report that’s holding you back. But it might not all be accurate. Checking your credit report at least once a year helps you know what’s there – and keeps you on track for a healthier financial future.

Blog Topics: 
Money & Credit

Ransomware re-do? Back up your files.

Based on early news reports, it’s possible that another widespread ransomware attack is sweeping the globe. It may spread using the same vulnerability that the WannaCry attack used in May, or it may be a new virus. Either way, if organizations don’t patch their software, they’re at risk. It’s crucial to keep operating systems and other software up to date.

Protect your mortgage closing from scammers

It’s National Homeownership Month, and the FTC and the National Association of Realtors® want to remind you that scammers sometimes use emails to rob home buyers of their closing costs and personal information.

Blog Topics: 
Homes & Mortgages

Calling foul on scammy business coaches

Starting a small business is a big deal. That’s why people might consider getting a business coach to help. But what if the coach doesn’t help, but actually hurts your interests? Unfortunately, that’s what happened to thousands of people who wanted to start home-based internet businesses.

Blog Topics: 
Jobs & Making Money

Economic Liberty Task Force roundtable about professional licensing

Moving can be daunting, but for millions of Americans, the biggest relocation challenge might be related to their jobs: getting a professional license in a new state. The obstacles aren’t just paperwork and fees. Licensing requirements often vary from state to state so you might have to take additional courses or get specialized on-the-job experience – even if you’ve been working in the same profession for years.

Company kept collecting debts it knew were phony

Have you gotten a call, a letter, an email, or a text message about a debt that sounds fishy? Don’t take the bait, because “phantom” debt collectors try to pressure people into paying debts they don’t really owe. In its effort to crack down on phantom debt collectors, the FTC has charged a North Carolina operation with collecting over $30,000 in fake debts, despite consumer complaints that the debts weren’t real.

Blog Topics: 
Money & Credit

Scammers don’t really give refunds

The FTC has been cracking down on deceptive tech support operations that call or send pop-ups to make people think their computers are infected with viruses. Recently, a woman who lost money to one of the defendant’s in the FTC cases got a call from someone who claimed to be with a company the FTC sued. (It was a lie. In reality, the company has closed.)

Avoid skimmers at the pump

Skimmers are illegal card readers attached to payment terminals — like gas pumps — that grab data off a credit or debit card’s magnetic stripe without your knowledge. Criminals sell the stolen data or use it to buy things online. You won’t know your information has been stolen until you get your statement or an overdraft notice. Here are tips to help you avoid a skimmer when you gas up.

Blog Topics: 
Money & Credit

The FTC doesn’t need your bank info

Some people have gotten an email that claims to be from Maureen Ohlhausen, the FTC’s Acting Chairman. But it’s not. The email asks you to give your bank account information – so, it says, you can get money from the government’s settlement with Western Union. The email is a scam to steal your financial information.

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