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.
Since everyone is online more during the pandemic, there’s an increased urgency about fixing computers if there’s a problem. Scammers, as always, are lurking around just looking for a new opportunity to strike. They’re offering even more phony tech support services.
It’s a big problem. Companies promising to help with student loan debt advertise widely, using misinformation and high-pressure sales. However, consumers need to know that there’s nothing a student loan debt relief company can do for them that they can’t do for themselves for free.
Many of things you may buy for the holidays, such as toys, laptops, and phones, have chips in them. Since there’s a global chip shortage, prices are going up, and items with chips will probably be harder to find. Scammers are taking advantage of these shortages and are trying to sell items in short supply.
Every year, June 15 is recognized as World Elder Abuse Awareness Day. The purpose of Elder Abuse Day is to raise awareness to the abuse and neglect experienced by elderly people around the world through cultural, social, economic, and demographic processes.
For three years, people have reported losing more money on romance scams than on any other fraud type identified in Sentinel, a fraud database. In 2020, reported losses to romance scams reached a record $304 million, up about 50 percent from 2019.
First, I received emails from my credit union that $1,500 then $2,300 were possible fraudulent charges. I called and sure enough, a scammer from Sweden was trying to charge those amount to my credit card. The credit union flagged the fraudulent charges, and the money was never charged to me.
This week, I wrote the 100th issue of my newsletter Helpful Money Tips for You. To celebrate, instead of offering my usual 10 tips, I offered 100. To sign up to get my free newsletter, go to http://eepurl.com/gkZ6JH. You'll get it in your email.
American Medical Collection Agency or AMCA has agreed to resolve a multistate investigation into a 2019 data breach that exposed the personal information of more than 7 million people, and possibly exposing the personal information of up to 21 million throughout the United States.
National Consumer Protection Week is a time to understand your consumer rights and take a look at whether you’re making well-informed decisions about money. Here are some activities and resources offered by the Federal Trade Commission for National Consumer Protection Week or NCPW: