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Author Archives: Guest Post

I sent money to another country and I received a receipt that said I should call the CFPB or visit its website if I had a question or complaint. I have a question or complaint. Can you help me?

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If you have a question or complaint about a money transfer, you may contact the company that sent your transfer. You may also submit a complaint with the CFPB online or by calling (855) 411-CFPB (2372). You can also submit a complaint with your state regulator, whose contact information, as well as the company’s information, may be listed on your ... Read More »

    How can I explain to my children where money comes from?

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    If you’re talking to a younger child, say three to five years old, the easiest way is to explain that the money your family spends and saves comes from working. This may be hard for younger children to grasp, especially these days when most paychecks are deposited directly from your employer and cash comes out of the ATM. Describe the ... Read More »

      LifeLock to Pay $100 Million to Consumers to Settle FTC Charges it Violated 2010 Order

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      FTC Alleged Company Violated Order’s Information Security Requirements, Misled Consumers With Deceptive Advertising LifeLock will pay $100 million to settle Federal Trade Commission contempt charges that it violated the terms of a 2010 federal court order that requires the company to secure consumers’ personal information and prohibits the company from deceptive advertising.  This is the largest monetary award obtained by ... Read More »

        Canadian Man Sentenced to Prison for $10 Million Income Tax Refund Fraud Scheme

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        Conspired With Other Canadian Citizens to File False Tax Returns Using Fraudulent Forms 1099-OID A Ontario, Canada, man was sentenced to 135 months in prison today following his conviction for one count of conspiracy to defraud the United States and commit theft of government funds, one count of making a false claim against the United States and two counts of ... Read More »

          Federal Trade Commission Appoints Lorrie Cranor as Chief Technologist

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          Cranor Will Take Over Chief Technologist Role From Ashkan Soltani Federal Trade Commission Chairwoman Edith Ramirez has appointed Lorrie Faith Cranor as the agency’s Chief Technologist, succeeding Ashkan Soltani. Cranor will join the FTC staff in January and be primarily responsible for advising Chairwoman Ramirez and the Commission on developing technology and policy matters. Cranor is currently a Professor of ... Read More »

            North Carolina Man Charged in Fraudulent U.S. Treasury Check Scheme

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            A federal grand jury sitting in Raleigh, North Carolina, returned an indictment, which was unsealed today against a Raleigh man, charging him with one count of conspiracy to commit theft of public money and 22 counts of theft of public money, announced Acting Assistant Attorney General Caroline D. Ciraolo of the Justice Department’s Tax Division and U.S. Attorney Thomas G. ... Read More »

              FTC and State of Florida Sue Payment Processing Operation for Credit Card Laundering and Assisting Debt Relief Scam

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              The Federal Trade Commission and the State of Florida have charged a payment processing business with credit card laundering and illegally assisting and facilitating a nationwide debt relief telemarketing scheme that allegedly bilked millions of dollars from consumers.           When scammers cannot gain or maintain access to the credit card networks through legitimate means, they frequently turn to illegal credit ... Read More »

                How Do I Get My Student Loans Eliminated if I’m Disabled? – Natasha

                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.You can unsubscribe at any time with just one click.After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, ... Read More »

                  FTC and State Law Enforcement Partners Announce More Actions and Results in Continuing Crackdown Against Abusive Debt Collectors

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                  In four separate actions, the Federal Trade Commission is announcing that it has stopped illegal debt collection tactics of several debt collection operations. In addition, other federal and state law enforcement officials have taken 12 more actions as part of a federal-state-local law enforcement initiative against deceptive and abusive debt collection practices. The cases announced today bring to 130 the ... Read More »

                    Debt, Privatization and Austerity

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                    There was this intense debate going about in 2014 in which politicians within the US were mostly in favor of selling the student loan book off to private investors. The core reasoning behind the selloff was thought to be to get rid of the interest incurred which many in favor were saying would impact the loan by taking it away. ... Read More »

                      “Brain training” with Lumosity — does it really work?

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                      Imagine if you could improve your memory, attention, and problem solving skills in all aspects of your life — just by playing some simple “brain training” games online or on an app. Games that could help prevent age-related memory decline, including dementia and Alzheimer’s disease. Games that could help you at work, school, or with everyday tasks — like remembering ... Read More »

                        I’m Taking Care of My Sick Father and Thinking of Bankruptcy

                        Question: Dear Steve, I am a 35 year old mother of 2. I currently have an MBA but haven’t been using the degree at work because I take care of my ill father part-time and work-part time at a bank. Currently I owe $89,000 on my house, $38,000 in federal student loans and $36,000 in credit cards. My question is- ... Read More »

                          Not thinking about your 2016 tax return yet? Identity thieves are.

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                          Here’s a thought to warm the Grinch’s heart: while you’re focused on the holiday season, identity thieves are thinking about how to steal your information. One of the ways they try to do that is by filing a fake tax return using your information — like your Social Security number — to get a tax refund. You may only find ... Read More »

                            FTC Halts Online ‘Yellow Pages’ Scammers

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                            Canada-Based Schemes Targeted Small Businesses, Nonprofits in U.S. At the Federal Trade Commission’s request, a federal court has banned the Montreal, Quebec, area-based operators of a business directory scam from the directory business and ordered them to pay the Commission more than $1.2 million to use for reimbursing victims of the scam. The order resolves FTC charges filed in March ... Read More »

                              Top Grossing Concert Acts For 2015

                              Welcome back my friends To the show that never ends We’re so glad you could attend Come inside, come inside The music industry as a whole has suffered the past few years, wait…. make that the past 10-15 years. In part to the short-sightedness of the music industry moguls who run it, and have made Bank off of artists, without ... Read More »

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