Fraud Feed

Predatory debt collection operation shut down for deceptive, abusive tactics

A predatory debt collection operation is being shut down for harassing consumers. The operation was made up of several companies, including JPL Recovery Solutions, which used misleading and abusive tactics to collect millions of dollars from hundreds of thousands of customers. Read more →

Intuit to pay $141 million over ‘deceptive’ TurboTax ads

Intuit has agreed to a $141 million settlement to resolve allegations by 51 attorneys general that it deceptively advertised its “free” online TurboTax products. Although 70 percent of taxpayers qualify for the IRS Free File Program, operated by Intuit and others, less than 3 percent of taxpayers used it to file their returns in 2020. Read more →

How are your finances?

April is National Financial Literacy Month. It’s a great opportunity for consumers to check and promote their financial situation and skills. For people who have just started earning or have been earning for a long time, every day is a chance to reflect on spending and improve finances.  Read more →

Funeral provider fails to provide accurate price and service information, FTC charges

It’s difficult for families to make decisions about funeral arrangements fast when a loved one dies. Due to the pandemic or if they live far away, they may need to plan services by phone or online. When consumers ask for information by phone, the FTC’s Funeral Rule requires funeral providers give them accurate information. Read more →

MoneyGram delayed transfers and withheld refunds, CFPB and New York attorney general charge

MoneyGram, one of the largest money transfer companies in the U.S., held up funds and withheld refunds, the CFPB and New York Attorney General’s Office allege in a lawsuit. The company repeatedly violated consumer laws when it failed to deliver funds promptly to recipients abroad. Read more →

FTC tells day trading scheme to stop fooling consumers about big earnings

The Warrior Trading day trading investment scheme is being ordered by the FTC to stop making unrealistic claims of big gains to consumers. It alleges that the company and its CEO used those claims to convince consumers to pay hundreds of thousands of dollars for a system that failed for most customers. Read more →

Giant retailers rake in huge profits as consumers struggle with rising food prices

Following the latest Consumer Price Index report showing that food costs went up 10 percent since last year, earnings information released by Albertsons Companies shows that it reported $1.6 billion in 2021 fiscal year income — a 90 percent increase from 2020 — after passing on increased costs to consumers. Read more →

FTC asks court to stop Intuit’s ads claiming TurboTax filing is free

Intuit Inc., the maker of the TurboTax tax filing software, is being charged with deceiving consumers with bogus advertisements pitching “free” tax filing that millions of consumers can’t use. The FTC also filed a federal district court lawsuit asking a court to order Intuit to halt its deceptive advertising immediately. Read more →

Step up your consumer game and find out how to avoid scams during National Consumer Protection Week

National Consumer Protection Week March 6-12 is a time to help people understand their consumer rights and avoid frauds and scams. The Federal Trade Commission leads the national outreach for the week of events. It’s focusing on how fraud affects every community. Read more →

Consumers need to watch out for price gouging and cyberattacks as the war in Ukraine rages on

Due to the war in Ukraine, consumers in the United States could experience impacts. They should be on the lookout for potential price gouging of fuel and other goods and services. And consumers should be aware that there may be cyberattacks. Read more →