When you get vehicle financing through a dealership, you and the dealer enter into a contract: you buy a vehicle and agree to pay, over a period of time, the amount financed plus a finance charge. The dealer may hold onto the contract, but typically, it's sold to a bank, finance company or credit union. This “assignee” is responsible for the day-to-day management of your account, including collecting and crediting your monthly payments. But sometimes, things don't go exactly as they should.
It’s not often I get to write a blog post that causes phantom head scratching. Before I tell you why, fair warning: If you have kids, or simply like to huddle with friends for the latest and greatest selfie, consider this a cootie alert for: deceptive head lice repellent!
In today’s economy, Big Data is big business. And data brokers — companies that collect consumers’ personal information and resell or share that information with others — play a key role.
Today, the Federal Trade Commission released a study of nine data brokers. These data brokers collect personal information about consumers from a wide range of sources — including public records, loyalty cards, websites and social media — and provide information for a wide range of purposes — including verifying someone’s identity, marketing products and detecting fraud.
May 25 – 31, 2014 is National Hurricane Preparedness Week — a good time to prepare your family, pets, and property for extreme weather situations. Hurricane hazards come in many forms, including storm surge, heavy rainfall, inland flooding, high winds, tornadoes, and rip currents. The FTC has information to help you prepare for, deal with, and recover from different aspects of a weather emergency.
As news about the eBay hack hits the media, you may be wondering what you can do to protect yourself from fraud. First, change your eBay password. When you create your new password, keep these tips in mind.
If you used your eBay ID or password for other accounts, change them, too. Hackers sometimes try stolen IDs and passwords on different websites to gain control of other accounts.
Don’t confirm or provide personal information in response to an email or text, and don’t click on links in unexpected messages.
Regional Director, Western Region, Federal Trade Commission
Job scams. Affinity fraud. Bogus – and dangerous – dietary supplements. Notario fraud. Government imposter scams. These are just a few of the issues facing consumers in California’s immigrant community – and they’re the same issues the FTC is seeing nationwide. We knew from our last Fraud Survey that many consumer scams impact Latinos and African-Americans disproportionately. What our data did not tell us is how immigrants fare, so we went straight to the source to try learn about the marketplace in immigrant communities.
Consumer Education Specialist, Federal Trade Commission
The FTC and state consumer protection agencies have shut down dishonest timeshare resellers for bilking timeshare owners out of millions of dollars. If you’re selling a timeshare, listen carefully for the promise of lots of money quickly and a request for an upfront fee. Those are two key signs of timeshare resale scam — and someone you don’t want to do business with.