Jobs & Making Money

Money back for 350,000 Herbalife distributors

Last July, we told you about the FTC’s settlement with Herbalife, which made the multilevel marketing company not only restructure how it does business, but also pay $200 million to people who lost money trying to run an Herbalife business. Today, we mailed checks to about 350,000 of them. Are you thinking about a multilevel marketing (MLM) business opportunity? Every year, many people join MLM plans – and many also leave. Before joining any MLM company, do some research. Your time and money are too valuable not to. Here are a few things to consider:

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Jobs & Making Money

Messages from a multi-level marketing settlement

You might have read about the FTC’s case against Vemma Nutrition Company, a business “opportunity” with pitches that promised big money from selling an energy drink. In 2015, the FTC filed suit, alleging that Vemma was running an illegal pyramid scheme and targeting college students.

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Jobs & Making Money

DeVry settles claims of deceptive advertising for $100 million

Lots of people choose a college to boost their earning potential. So it might have been appealing if you came across an ad from DeVry claiming that 90 percent of graduates actively seeking employment landed jobs in their field within six months of graduation. And that DeVry bachelor’s degree graduates, on average, had 15 percent higher incomes one year after graduation than the graduates of all other colleges or universities.

Military Consumer, your tool for financial readiness

If you’re in the military, your financial decisions can have long-term effects on your family life, security clearance, and mission readiness. In fact, the Department of Defense (DoD) has said that financial readiness is a critical part of the force’s mission readiness. It makes sense: when you know how to manage your money – and how to spot a rip-off – you’re more financially solid. And that helps keep you mission-ready.

FTC sues phone scammers who promised free money

The FTC says that Phoenix-based telemarketers bilked consumers out of millions with fake promises of free grant money and internet business opportunities.

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Jobs & Making Money

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.

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Jobs & Making Money

Money-making scheme targets older people and veterans

If you’re just getting by, and someone offers you the chance to earn more money through a business opportunity, you might be willing to listen, right?

Unfortunately, those offers often turn out to be just another scam. Today the FTC announced charges against three people and multiple companies behind a telemarketing scheme that targeted older people and veterans, and took millions of dollars from people with promises they would multiply their investment.

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.

Student Financial Aid: FAFSA filing begins October 1

If you’re a high school or college student or parent, it’s important to know that beginning this year, the Free Application for Federal Student Aid (FAFSA) filing season for the 2017-18 academic year launches Oct. 1. This is a new timeline that starts three months earlier than usual to align financial aid applications with the college admissions season.

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Jobs & Making Money

Lifelong learning

It’s Adult Education and Family Literacy Week. It’s a time to raise public awareness about the importance of both things – adult education and family literacy – and the 36 million adults in the US with low literacy skills.

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