The Senate Special Committee on Aging is holding a hearing today to examine deception associated with retail precious metals investments and their effect on people’s retirement nest eggs. The FTC, which has a track record of stopping deceptive practices in the marketing of precious metals as investments, will testify.
Maybe you’ve thought about buying a franchise because you’re eager for a career change. Perhaps you want to be the boss, or to build a family business. Whatever your motivation is, know that buying a franchise takes a major financial investment and a serious personal commitment. If you wonder whether owning a franchise is right for you, ask yourself some questions.
If you’re applying for a job or trying to rent an apartment, the employer or landlord might conduct a background check. They may hire a company to provide information like your employment history, your driving record, any criminal records, and your credit report. The information in the background report could make the difference in whether you get the job or apartment, so it’s important it be accurate.
Two companies that each made millions of dollars selling background reports, but didn’t take reasonable steps to make the reports completely accurate, recently settled Federal Trade Commission charges that they violated the Fair Credit Reporting Act and FTC Act.
As part of the Federal Trade Commission's ongoing efforts to stop scammers who target older people, the operator of a bogus precious metals telemarketing scheme that bilked millions of dollars from them is permanently banned from selling any investment opportunity under a settlement with the agency.
Sunday marks the 16th annual National Consumer Protection Week. The Federal Trade Commission stands with 74 federal, state and local agencies and organizations to stand up for consumers by highlighting the very best in consumer education resources.
Ever thought about responding to an enticing email or ad saying you could make money working from home? Then you might be interested to hear about the FTC’s case against the Coaching Department and its related companies, which the FTC alleges strung people along in a three-part scam that raked in tens of millions of dollars. For out-of-work people who got caught up in this business opportunity scam, it was a problem that went from bad to worse.