Consumer Information Blog

Scammers phish for mortgage closing costs

Buying a home is exciting. You saved for the down payment, scheduled the move, and are dreaming of planting new roots. Closing is right around the corner… unless a scammer gets your settlement fees first.

Blog Topics: 
Homes & Mortgages

Telemarketer 3: Rise of the Robocalls

We hear from many people about robocalls. If a call is a message from someone selling something, and you haven’t given your written permission to get calls from that company, the call is illegal. Do robocalls bug you, too? If so, watch this video to learn more about them, and the steps you can take to help slow them down.

Robocall advice

The FTC’s Debt Collection Hall of Shame has some new inductees

Exceptionally talented sports legends, musicians, and actors all have something in common – halls of fame. At the other end of the spectrum are banned debt collectors. They, too, get special recognition… in the FTC’s hall of shame.

Blog Topics: 
Money & Credit

Lord & Taylor’s fashion faux posts

It’s fun to check out fashion trendsetters’ styles on social media. What’s the “must-have” item this spring? How did they accessorize a piece? And all that jazz.

You know what’s not so fun? A large national retailer like Lord & Taylor deceiving people.

Thumbnail Image for Video on Online Reviews and Recommendations

Blog Topics: 
Money & Credit

Did you attend DeVry? Don’t pay for loan forgiveness

Are you a former student of DeVry University — or of any other college — who’s heard from a company that’s promising to get your loans forgiven after you pay them a fee?

We have an important piece of advice: don’t do it. It’s never a good idea to pay an up-front fee for the promise of debt relief. Once you pay, you might not get anything in return. And you might be paying for something you can do yourself for free.

When women are targeted for scams

It’s Women’s History Month, and here’s a look at the work we’ve done to shut down scammers who targeted women during the past few years.

Lights out on robocall shop that pitched energy savings

It should be clear by now: if you make illegal robocalls to people on the Do Not Call list, you’re headed for trouble. Trouble — in the form of a Federal lawsuit — just found an operation that the FTC says bombarded people with more than 1.3 million robocalls pitching energy savings.

Avoiding imposter scams [video]

We hear first-hand stories from people around the country about how scammers are targeting people in every community. And while the techniques the scammers use may vary, there’s one thing these scams have in common: sometimes, the first step in avoiding a scam is talking about it with someone you trust.

Blog Topics: 
Money & Credit

FTC takes down Ideal Financial’s fraud network

Patience is a virtue. So is persistence. Three years ago, the FTC temporarily halted a sophisticated scheme run by Ideal Financial Solutions, Inc. that defrauded millions of consumers out of tens of millions of dollars. Here’s how it worked: The defendants bought consumer payday loan applications, including Social Security numbers and bank account numbers, from data brokers and payday loan websites. Ideal Financial used the information to take money from consumers’ bank accounts — without their OK or even their knowledge. So the court froze the defendants’ assets and appointed a receiver to control the business while awaiting trial. Fast forward to March 2016.

Celebrating Women’s History Month at the FTC

The consumer movement, trust-busting, the women’s movement, and the work of the FTC have traveled parallel (and often intersecting) paths. Women’s History Month offers us a chance to consider the contribution women have made to the mission of the FTC and the unprecedented moment in women’s history we’re witnessing at the FTC today.

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