COVID-19 Tag Archives -

FTC Sends Letters Warning 35 More Marketers to Stop Making Unsupported Claims That Their Products and Therapies Can Effectively Prevent or Treat COVID-19

September 2, 2020June 4, 2020 by Research Department

The Federal Trade Commission announced it has sent letters warning 35 more marketers nationwide to stop making unsubstantiated claims that their products and therapies can treat or prevent COVID-19, the disease caused by the novel coronavirus. This is the sixth set of warning letters the FTC has announced as part of its ongoing efforts to …

Betsy DeVos sued for seizing student borrowers’ paychecks in violation of the CARES Act: “We don’t care. We don’t have to.”

May 6, 2020 by Richard Fossey

Betsy DeVos, President Trump’s Education Secretary, doesn’t just think she’s above the law. She IS above the law. A few days ago, the National Consumer Law Center filed a class-action suit against Betsy DeVos and the U.S. Department of Education asking a federal judge to stop DeVos and DOE from garnishing student borrowers’ paycheck in …

Millennials Get Financially Screwed the Most From COVID

April 30, 2020 by Steve Rhode

The COVID-19 pandemic is causing similar financial hardship for consumers around the world, but new research indicates that Millennials (those persons between the ages 26-40) are being challenged the most. A just-released TransUnion (NYSE: TRU) global report including seven regions on five continents found that three in four Millennials (76%) worldwide indicated their household incomes …

I Got Laid Off, Lived on Credit, and Now Looking for the Best Way to Consolidate My Debt

April 28, 2020 by Steve Rhode

Question: Dear Steve, I was laid off for a year and tried to start a business. The same company hired me back this year and due to COVID the business was put in the back burner. I am an essential employee now. During that year due to not having a job and starting a business, …

Survey: 80% of college students financially impacted by coronavirus

April 24, 2020 by Guest Post

aren’t spared from the effects. While many schools have sent students to live off campus or back home to their families, this doesn’t seem to have eased expenses for everyone. Likewise, job losses are adding to many students’ hardships. Student Loan Hero surveyed more than 1,000 college and university students to learn about how the …

FTC Announces Latest Round of Letters Warning Companies to Cease Unsupported Claims that Their Products Can Treat or Prevent Coronavirus

September 2, 2020April 14, 2020 by Research Department

Continuing its efforts to protect consumers from scams and deceptive pitches related to the coronavirus (COVID-19) pandemic, the Federal Trade Commission today announced it has sent 10 additional letters warning companies, both in the United States and abroad, to cease making unsubstantiated claims that their products can treat or prevent coronavirus disease. The companies receiving warning …

FTC, FDA Send Warning Letters to Seven Companies about Unsupported Claims that Products Can Treat or Prevent Coronavirus

September 2, 2020April 9, 2020 by Research Department

The Federal Trade Commission and U.S. Food and Drug Administration (FDA) have sent warning letters to seven companies allegedly selling unapproved products that may violate federal law by making deceptive or scientifically unsupported claims about their ability to treat coronavirus (COVID-19). The warning letters are the first issued by the agencies alleging unapproved and/or unsupported …

Scammers Targeting Those Afraid About Coronavirus and Stealing Identities and Money

July 31, 2020April 1, 2020 by Steve Rhode

Scammers are taking advantage of the coronavirus (COVID-19) pandemic to con people into giving up their money. Though the reason behind their fraud is new, their tactics are familiar. It can be even harder to prevent scams right now because people 65 and older aren’t interacting with as many friends, neighbors and senior service providers …

Does Life Insurance Cover Coronavirus?

October 20, 2020March 23, 2020 by Guest Post

Life insurance offers financial protection for your loved ones in the event that you die unexpectedly. When a pandemic becomes world news, you may start to consider the necessity of purchasing a policy or wonder how news of an outbreak might shape the policy you already have. A global health crisis like the widespread COVID-19 …

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