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Author Archives: Guest Post

Lumosity to Pay $2 Million to Settle FTC Deceptive Advertising Charges for Its “Brain Training” Program

Company Claimed Program Would Sharpen Performance in Everyday Life And Protect Against Cognitive Decline The creators and marketers of the Lumosity “brain training” program have agreed to settle Federal Trade Commission charges alleging that they deceived consumers with unfounded claims that Lumosity games can help users perform better at work and in school, and reduce or delay cognitive impairment associated ... Read More »

    Secret Sister Gift Exchange – Don’t pay or yule be sorry

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    Have you already decked your halls in lights, timed to blink to the strains of Rudolph the Red-Nosed Reindeer? Even if you haven’t reached that level of early enthusiasm, the holiday spirit is starting to spread already. If you spend any time on social media, you may have seen posts about the Secret Sister Gift Exchange. SSGE encourages you to ... Read More »

      Can My Bank in Kuwait File a Case Against Me in Canada? – Trisha

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      Question: Dear Scott, I have an unpaid bank loan in Kuwait I have been paying it the last year or so but when I became unemployed I missed a few payments. At first the bank emailed me of my missed payments then just last month they emailed me that they will file a case against me. I emailed them saying ... Read More »

        Two App Developers Settle FTC Charges They Violated Children’s Online Privacy Protection Act

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        Companies’ Apps Shared Kids’ Information with Ad Networks; Will Pay $360K In Civil Penalties Two app developers will pay a combined $360,000 in civil penalties as part of settlements with the Federal Trade Commission over charges they violated the Children’s Online Privacy Protection Act, or COPPA, Rule. The terms of the settlements with LAI Systems, LLC, and Retro Dreamer, require ... Read More »

          FTC Secures $4.4 Million From Online Payday Lenders to Settle Deception Charges

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          Lenders Will Waive $68 Million in Inflated Fees Charged to Consumers Nationwide Two payday lenders have settled Federal Trade Commission charges that they illegally charged consumers across the country undisclosed and inflated fees. The two companies, Red Cedar Services Inc. and SFS Inc., have each paid $2.2 million and collectively waived $68 million in fees to consumers that were not ... Read More »

            Dental Practice Software Provider Settles FTC Charges It Misled Customers About Encryption of Patient Data

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            Henry Schein Practice Solutions, Inc. (“Schein”), the provider of leading office management software for dental practices, will pay $250,000 to settle Federal Trade Commission charges it falsely advertised the level of encryption it provided to protect patient data. The FTC’s complaint alleges that Schein marketed its Dentrix G5 software to dental practices around the country with deceptive claims that the ... Read More »

              There is No Way I Can Ever Afford My Private Student Loans. What Can I Do?

              Question: Dear Steve, I have a total student loan debt of $140,000. Out of that total amount, about $131,000 is Private Student Loans. I have a bachelor’s degree that I received in 2012. I have been working since the day I graduated making decent money, but not enough to live on my own and afford my minimum private student loan ... Read More »

                FTC Obtains Contempt Ruling Against ‘Yellow Pages’ Scam

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                At the Federal Trade Commission’s request, a federal court has banned Robert Ray Law and his company, CPU Service Incorporated (CPU) from sending unsolicited direct mail to advertise or promote goods or services, imposed a judgment of almost $400,000, and required them to immediately pay $45,000. In July 2014, the FTC charged Law and Your Yellow Book Inc. (YYB) with ... Read More »

                  New York Opens Program to Pay Student Loans, Sort Of

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                  The State of New York has opened up a new student loan assistance program, “Get On Your Feet,” which I’m absolutely positive was created in an effort to help some people who are struggling with student loan payments. But as I sit here studying the initiative I’m left with a furrowed brow. I can see some getting the benefit of ... Read More »

                    What The Face of WWE Can Teach Us About Getting Out of Debt

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                    As I was getting ready for work on the morning of December 29th, I was watching the Today Show. John Cena, who is a professional wrestler with WWE, as well as an actor and rapper, was guest hosting. I am not a follower of WWE but I have seen Mr. Cena in a few movies and if I could describe ... Read More »

                      FTC Issues Biennial Report to Congress on the National Do Not Call Registry

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                      The Federal Trade Commission has issued its biennial report to Congress on the use of the Do Not Call Registry by both consumers and businesses over the past two years. As of September 30, 2015, the National Do Not Call Registry had more than 222 million active registrations, an increase of more than 4.9 million registrations from the previous fiscal ... Read More »

                        Worst Financial Habits for 2016

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                        Many people will be setting goals that focus on their financial health, however there are several habits that could hurt your bottom line in the long run. Large Mocha with Soy and a nonfat vanilla scone for the third day in a row. Going out to eat several times a week while food rots in the refrigerator. These missteps are ... Read More »

                          Alabama Resident Indicted for Stolen Identity Tax Refund Fraud Scheme

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                          An Alabama resident was arrested today after being indicted on Dec. 9 by a federal grand jury sitting in Montgomery, Alabama, on 15 counts of wire fraud, 15 counts of aggravated identity theft and two counts of passing U.S. Treasury checks with a false endorsement, announced Acting Assistant Attorney General Caroline D. Ciraolo of the Justice Department’s Tax Division and ... Read More »

                            Is There a Debt Solution Company You Would Recommend?

                            Question: Dear Steve, Due to medical issues and a large percentage (25%) loss of salary my wife and I are in serious debt. We owe approximately 52,000.00 in credit card debt. I am looking at some debt solution companies at possibly helping get this debt under control and paid off in a reasonable period of time. Is there a particular ... Read More »

                              Winter DIY Home Repair Projects

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                              It’s the middle of winter. You’ve been cooped up inside for months and it’s getting really old. But, unless you’re into snowmobiling, skiing or ice fishing, you’ll probably spend at least the next six weeks indoors. That gives you a choice. You can sit around binge watching TV or you can take on an interior home improvement project. You’d be ... Read More »

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