When you’re on the hunt for income, the last thing you want is to be misled about the earnings and benefits that a business opportunity offers. Today, the FTC announced that Uber agreed to a $20 million settlement of the FTC’s charges that the company made false or unsupported claims regarding its drivers’ likely income and the benefits of its Vehicle Solutions Program.
According to the FTC, Western Union has known for years that scammers were using its system to commit significant fraud. Even when faced with clear evidence that many of its agents were committing fraud, Western Union kept taking people’s money. Probably billions in fraud-related transfers, sent since January 2004. But today, in a global settlement with the FTC and the US Department of Justice, Western Union agreed to return $586 million to people and create a real and strong anti-fraud program.
Attorney, Division of Consumer & Business Education, FTC
Tax identity thieves and IRS imposters are ready for tax season, whether you are or not. Find out how to protect yourself, and what to do if someone you know becomes a victim, during Tax Identity Theft Awareness Week, January 30 through February 3.
National Consumer Protection Week (NCPW) is around the corner! The annual event – March 5-11, 2017 – is a time to help people understand their consumer rights, make well-informed decisions about money, and spot scams.
When it comes to advertising hype, we’ve heard it all. Some can be very appealing: “Shrink two sizes without dieting!” Who wouldn’t love to lose weight or shape up with no effort? Well, the problem is, that’s not how it works. Take a pass on any product that offers weight loss or fitness results without any effort. Remember, no garment, gizmo, or cream is going to make you fit and toned.
Pass it On is the FTC’s consumer education campaign designed to encourage older adults to talk to their friends, neighbors, and relatives about scams. Because we’ve learned that sharing what you know can help protect someone who you know from a scam. Now, we’ve got a new video that highlights how some local organizations are getting in on the act and using Pass it On materials in their communities – all in different ways.
Associate Director, Division of Marketing Practices, FTC
Last July, we told you about the FTC’s settlement with Herbalife, which made the multilevel marketing company not only restructure how it does business, but also pay $200 million to people who lost money trying to run an Herbalife business. Today, we mailed checks to about 350,000 of them. Are you thinking about a multilevel marketing (MLM) business opportunity? Every year, many people join MLM plans – and many also leave. Before joining any MLM company, do some research. Your time and money are too valuable not to. Here are a few things to consider:
Debt buying is big business. That’s the sale of old debt, for pennies on the dollar, by creditors to buyers who then attempt to collect the debt or sell it to other buyers. But when a person or company sells fake debt portfolios, that’s fraud