Money & Credit

Shopping for a used car? The FTC has a deal for you!

If you’re in the market for a used car, but don’t know where to begin, the FTC welcomes you to its new webpage, ftc.gov/usedcars.

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Money & Credit

FTC sues NetSpend over access to funds

Many people who don’t have bank accounts rely on prepaid debit cards, which you buy and add money to so you can make purchases and pay bills. But the FTC says thousands of NetSpend prepaid debit card holders had trouble getting access to cash they loaded onto the cards, or to direct deposits from their paychecks or government benefits.

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Money & Credit

Do population changes mean changes in fraud?

The U.S. population is getting older and more diverse.  Who are the consumers of the future? How will scammers try to trick them?  On December 6, 2016, consumer groups, advocates, researchers, marketers, and government agencies will gather to explore the demographic changes expected in different communities, and discuss the impact of these changes in the marketplace.  

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Money & Credit

Finding Midwestern Common Ground

Last week, more than 140 people came together across two days in Madison, Wisconsin, to talk about how fraud is affecting their communities – and what we can do together to stop it.

Midwest Common Ground Conference - Madison

FTC helps teach teachers about financial literacy

The FTC offers free materials to help people understand money issues. So when teachers from across the country meet annually to improve their own financial literacy, and increase their ability to teach personal finance in school, we’re ready to help.

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Money & Credit

VW buybacks and lease terminations to begin

Earlier this year, the FTC sued Volkswagen for falsely claiming that its diesel cars had low levels of harmful emissions. A federal judge has approved the FTC order that requires Volkswagen to provide up to $10 billion to owners and lessees of VW and Audi 2.0 liter diesel cars. The FTC has pointers for people who own or lease a 2009 to 2015 VW TDI Beetle, Golf, Jetta, Passat or Audi TDI A3.

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Money & Credit

Kids turning 16? Check their credit report.

Any parent or guardian of a child knows the milestones that come with turning 16 – learning to drive, maybe dating, or thinking about college. But now, there’s one more: checking their credit report.

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Money & Credit

Alert for Spanish-speaking victims of a mortgage relief scam

Over the summer, we told you about a mortgage relief scam that defrauded homeowners in financial distress. The case especially affected Spanish-speaking homeowners in Southern California. According to the FTC, Brookstone Law and Advantis Law firms convinced homeowners to make an upfront payment to join a mortgage lawsuit against banks and lenders, supposedly to help them avoid foreclosure, get rid of their mortgages, or get money from their lenders.

Government imposters target commercial truck owners

What’s one kind of scam targeting you and everyone you know? Imposter scams. They happen when scammers pretend to be a person, business, or government agency you trust, then try to convince you to send money. One of their latest targets: people who own tractor-trailer trucks and other commercial vehicles.

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.

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