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Author Archives: Guest Post

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 »

    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 »

      “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 »

        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 »

              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 »

                Maryland Man Pleads Guilty for Role in Massive Identity Theft and Tax Fraud Scheme

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                Stole Identities from D.C. Government Agency for Use in Filing False Tax Returns A resident of Bowie, Maryland, pleaded guilty today to federal charges for his involvement in a far-reaching identity theft and tax fraud scheme in which he assisted in the filing of fraudulent federal income tax returns seeking more than $4.4 million in refunds, announced Acting Assistant Attorney ... Read More »

                  How to stay high and dry against storm-chasing scams

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                  Severe weather and historic flooding have left people in many parts of the U.S. battling to save lives, homes and businesses. The last thing anyone needs are scam artists who prey on the misfortune of others. Common natural disaster scams include debris removal and clean-up, shoddy repairs and construction, charity fraud, and imposter scams. Here are some ways to arm ... Read More »

                    Top 4 Apps for Sending Money to Friends

                    We all earn and spend money, but we live in times when money isn’t necessarily paper. Many of us don’t carry cash anymore and in some situations it can cause difficulties. For example, your friend has paid for your dinner and now it’s time to pay him back but you can’t do it because all the money you have are ... Read More »

                      What have we done for you lately?

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                      If you’re a regular reader here, you might know the FTC gets more complaints about debt collection than about any other industry. And you might have read a thing or two about what we do about debt collection. Like the giant law enforcement sweep last month, where 70 partners nationwide brought more than 115 cases against bad debt collectors. Or ... Read More »

                        I sent money to someone and she couldn’t get the money because her information didn’t match what I provided. What can I do?

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                        When you send money to someone else, the company you use may require the recipient’s information, such as name and address, or account number, to match certain information that you provide in order to get the money you’ve sent. If you believe you gave wrong information, contact the provider and ask if you can correct it. Tip: Verify account numbers ... Read More »

                          Former Morgan Drexen Exec & Owner Shares Lessons Learned

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                          I owe a tremendous debt of gratitude to Rita Augusta, a former owner and executive with Morgan Drexen, the debt settlement company who went on to be shutdown by the Consumer Financial Protection Bureau. Rita not only was brave enough to share the valuable advice below about lessons learned for consumers, but she also assisted the CFPB in their case. ... Read More »

                            FTC Adopts Procedures for Administrative Collection of Debts Owed to the FTC

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                            Commission Approves Amendments to Its Rules of Practice The Federal Trade Commission has approved amending language in its Rules of Practice that applies to the collection of outstanding debts owed under FTC orders and judgments. The final rule amendments to Part 1 of the Commission’s Rules of Practice formally adopt government-wide Federal Claims Collection Standards and other applicable procedures for ... Read More »

                              FTC Report Provides Recommendations to Business on Growing Use of Big Data

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                              Report Notes Ways to Avoid Discriminatory Data Use, Highlights Benefits & Risks of Big Data for American Consumers A new report from the Federal Trade Commission outlines a number of questions for businesses to consider to help ensure that their use of big data analytics, while producing many benefits for consumers, avoids outcomes that may be exclusionary or discriminatory. “Big ... Read More »

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