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Money & Credit

Spot and stop dishonest charity fundraisers

What’s worse than a bogus charity? A bogus charity with a dishonest fundraiser. That’s what we saw today in a case announced today against Outreach Calling, Inc., its founder Mark Gelvan, and others.
The defendants in this FTC case are fundraisers that called millions of Americans on behalf of bogus charities.

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Money & Credit

Getting stimulus payments to homeless communities

People who are homeless or transient may not know they qualify for the $1,200 Economic Impact Payments (EIP) — also called “stimulus checks" — that went out last Spring. They might also get an additional $500 for each qualifying child — and they don’t need an income to claim the payment. That’s why the FTC is working with the IRS to get the word out about how people can still collect their money — and we need your help.

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Money & Credit

Are you eligible for debt forgiveness from Online Trading Academy?

Back in February, we wrote about Online Trading Academy (OTA), a company that peddled a “patented” training program promising to help people earn big money by paying big money to OTA for trainings costing as much as $50,000. OTA’s lavish earnings claims often came with encouragement for people to go into debt to pay for OTA’s trainings. Today, we’re letting you know about a settlement that could mean big bucks in debt forgiveness for some people who owe consumer debts to OTA.

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Money & Credit

Did someone tell you to pay with gift cards? It’s a scam

Maybe someone said you’ve won the lottery, a prize or sweepstakes. Or they claim to be from the government and tell you there’s a problem with your Social Security number. And, to collect your winnings or solve your problem, you have to pay with gift cards. But here’s the thing: anyone who insists that you pay by gift card is always a scammer.

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Money & Credit

Economic impact payment fix for 50,000 eligible spouses

Are you married to someone who owes past-due child support? Was your portion of the economic impact payment (“EIP”) mistakenly applied to pay your spouse’s debt? If so, you’re not alone. In mid-September, the IRS will automatically send “catch-up” payments to eligible spouses whose EIP was diverted to pay their spouses’ child support obligations.

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Money & Credit

Trouble with your ABCmouse membership? You’re not alone

Juggling life at home with kids? Like many parents, you might’ve looked into different ways your kids can learn from home online. Maybe you’ve even signed up and paid for a program.

But say over time you find your kids have lost interest in the program or moved on to something else. You think that when your year-long membership is up, you’re done — until you see you’ve been charged for another year, this time without your permission. And when you try to cancel, you find it’s not easy because there are a lot of steps. Sounds frustrating, right? Many parents who enrolled their kids in ABCmouse programs found themselves in a similar situation.

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Money & Credit

FTC moves to add real estate celebrities Dean Graziosi and Scott Yancey to Nudge case

Celebrities are often used to market products or services, but sometimes they’re used to lure consumers into a scam. And that’s what the FTC alleges happened when two real estate celebrities joined forces with Nudge – a company (and its owners) that the FTC and the Utah Division of Consumer Protection (“Division”) sued in November of 2019 for deceptively selling training programs and other products to aspiring real estate investors.

Paying the high cost of payday loans

Being broke is expensive. Right now, so many people are scrambling to figure out how to make rent, cover utilities, pick up some work, get their unemployment checks, and keep body and soul together. When it’s getting down to the end of the month, if people have exhausted personal loans through their bank or credit union, they may be putting more on their credit card, or getting a cash advance. And then they might turn to payday loans.

FTC: Sellers need proof for COVID treatment claims

As part of its ongoing efforts to protect consumers from sellers of scam COVID-19 treatments, the FTC has sent 20 more warning letters to companies that claim their products can prevent, treat or cure the COVID-19. Claims for zappers, virus-busting cards, sage, oregano, and bay leaves are among the representations called into question in the latest round of warning letters.

IRS sending $500 to people mistakenly denied money for dependent children

If you used the IRS’s non-filers tool before May 17 and claimed at least one qualifying child, the IRS mistakenly failed to send you $500 per qualifying child. To correct this, the IRS is sending money to those people who were affected.

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Money & Credit

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