If you’re a parent, you want to see your child succeed in school. So it may seem like a wise investment when a company claims that its products will improve your kids’ grades, test scores, IQ, reading speed and comprehension and even offers a money-back guarantee. The problem? The FTC found that a company making these claims, WordSmart Corporation, allegedly had no substantiation to support them and relied on outright lies to generate business.
Ongoing efforts by the FTC and its federal and state partners to stop mobile cramming have resulted in a whopping $105 million dollar settlement with AT&T — the biggest to date with a prominent mobile phone carrier. Even better news for affected AT&T customers? They might be eligible for a refund.
How low can scammers go? As low as stealing from older consumers to line their own pockets. The FTC says some scammers claimed to be calling on behalf of the government to verify information for a new Medicare card or Medicare-related package. In fact, it was a ruse to get people’s bank account information to make unauthorized withdrawals from their accounts.
One hundred years ago today, the New York Times’ news pages were filled with coverage of the outbreak of World War I in Europe. There were stories about the newly opened Panama Canal and the growing movement for women’s suffrage. For $200, an ad in the paper offered readers the chance to purchase a Victrola phonograph.
Two weeks earlier in September 1914, readers of the Times may also have noticed a news item under the single-column headline: “Trade Board Bill Wind-Up.” It reported that Congress had enacted new antitrust legislation creating a bipartisan, five-member body called the Federal Trade Commission.
On October 23rd, consumer advocates, industry leaders, state and federal regulators and academics will meet at the Grand Ballroom at California State University, Long Beach, for a roundtable discussion on Debt Collection & the Latino Community. The event is being hosted by the Federal Trade Commission and the Consumer Financial Protection Bureau. Please note the venue change to the Grand Ballroom.
This is the Civil Investigations Unit. We are contacting you in regards to a complaint being filed against you, pursuant to claim and affidavit number D00D-2932, where you have been named a respondent in a court action and must appear… Please forward this information to your attorney in that the order to show cause contains a restraining order. You or your attorney will have 24 to 48 hours to oppose this matter… Call 757-555-1234.
If you’re interested in technological, financial or social innovation, you’ve probably heard of Bitcoin. It’s a virtual currency used by people around the world to make purchases online, or in person using a mobile app. As more merchants accept the currency — and more companies pitch Bitcoin investments — more people are curious about how it works.
Unlike dollars, pesos or yen, bitcoins are not backed by a government or distributed by a central bank. Instead, bitcoins are created on the peer-to-peer bitcoin network through a process called “mining.”
You may have heard about them in the news, through one of your favorite online shopping sites, or from a friend who always has the latest scoop on technology trends: cryptocurrencies, like Bitcoin, are a way to buy things online — or in person, using a mobile app — with sellers who agree to accept them.
At the Federal Trade Commission, when we say we protect the nation’s consumers, we mean that the agency protects every community in the nation from fraud and scams. This includes African Americans, Asian Americans, Latinos, Native Americans, immigrants, older consumers, lower-income communities, and veterans and service members.
As we celebrate Hispanic Heritage Month, it’s a good time to look back on how the FTC has worked to protect the Latino community, in particular, in the past year. Here are some highlights: