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  • The Frugal Doctor Is In

    Recently I had a physical. Outside of being a little overweight and growing older, I don’t have any obvious health issues. I did, however, describe some minor symptoms to my doctor, which prompted him to order some...

    • Posted December 20, 2017
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  • Now What? Life After Debt

    You did it! You paid off your debt. Perhaps you used debt consolidation or debt settlementcompany. You may have used a debt management or a do-it-yourself program. No matter the route, the success is equally noteworthy. Now...

    • Posted December 20, 2017
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  • DNA Test Kits: Consider the Privacy Implications

    Companies are advertising at-home DNA test kits that promise intriguing insights into your past (“Where did my forebears come from?”) – and your future (“Do I have the genetic markers for certain medical conditions?”). If you’re thinking...

    • Posted December 20, 2017
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  • Making Sense of Online Stock Tips

    MoneyTips If you dabble in online investing, you have certainly been deluged by emailed offers of investing advice and “hot stock tips”. Undoubtedly, some good stock tips are out there, as well as a whole host of...

    • Posted December 20, 2017
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  • CFPB Takes Action Against Citibank For Student Loan Servicing Failures That Harmed Borrowers

    The Consumer Financial Protection Bureau (CFPB) recently took action against Citibank, N.A. for student loan servicing failures that harmed borrowers. Citibank misled borrowers into believing that they were not eligible for a valuable tax deduction on interest...

    • Posted December 20, 2017
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  • 5 Financial New Year’s Resolutions

    It’s that time of year again. A brand new year and time when we talk about our resolutions to better ourselves at work, home, and in many other ways. This year, why not add a financial goal...

    • Posted December 20, 2017
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  • CFPB Takes Action Against Citibank For Student Loan Servicing Failures That Harmed Borrowers

    The Consumer Financial Protection Bureau (CFPB) recently took action against Citibank, N.A. for student loan servicing failures that harmed borrowers. Citibank misled borrowers into believing that they were not eligible for a valuable tax deduction on interest...

    • Posted December 19, 2017
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  • Making Sense of Online Stock Tips

    MoneyTips If you dabble in online investing, you have certainly been deluged by emailed offers of investing advice and “hot stock tips”. Undoubtedly, some good stock tips are out there, as well as a whole host of...

    • Posted December 18, 2017
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  • DNA Test Kits: Consider the Privacy Implications

    Companies are advertising at-home DNA test kits that promise intriguing insights into your past (“Where did my forebears come from?”) – and your future (“Do I have the genetic markers for certain medical conditions?”). If you’re thinking...

    • Posted December 18, 2017
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  • Now What? Life After Debt

    You did it! You paid off your debt. Perhaps you used debt consolidation or debt settlementcompany. You may have used a debt management or a do-it-yourself program. No matter the route, the success is equally noteworthy. Now...

    • Posted December 15, 2017
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  • The Frugal Doctor Is In

    Recently I had a physical. Outside of being a little overweight and growing older, I don’t have any obvious health issues. I did, however, describe some minor symptoms to my doctor, which prompted him to order some...

    • Posted December 15, 2017
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  • This Holiday Season, Help Your Kids Build Solid Money Habits

    The holiday season provides plenty of opportunities to talk with kids about money, like when you go shopping or when your children receive gifts. No matter what age, kids learn from watching their parents and absorb what...

    • Posted December 14, 2017
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  • 32 Ways to Save Money on Your Utility Bills

    I remodeled my house a few years ago, replacing old single-pane windows and beefing up the attic insulation. This cut my heating bill by almost 50%! That was so inspiring, I challenged myself to see how much...

    • Posted December 14, 2017
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  • U.S. Marshals Won’t Call You About Jury Duty

    United States Marshals protect the federal courts, track down dangerous fugitives, and transport thousands of prisoners. They don’t make calls and threaten to arrest people or fine them for missing jury duty. But scammers posing as Marshals...

    • Posted December 13, 2017
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  • Do-It-Yourself Career Counseling

    Melanie is tired of celebrating Fridays and dreading Monday mornings. At work, she is spending large chunks of time checking online job boards and calculating how many years left before retirement. She is toying with the idea...

    • Posted December 13, 2017
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  • IRS Problems? Tax Professionals Reveal Top Tips

    As Benjamin Franklin said, “In this world nothing can be said to be certain, except death and taxes.” Every April, federal taxes bring a sense of dread and anxiety, especially if you are facing an audit or...

    • Posted December 12, 2017
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  • Get Rid of Unwanted Apps

    Using your social media account to log into an app or website can be easier than creating a new user name and password. But, after a while, you can collect more apps and become registered on more...

    • Posted December 12, 2017
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  • What You Need to Know About Writing a Will

    It’s a subject that none of us want to think about. Whether we’re young and just starting life or older and approaching the end, we don’t want to think about our own death. And, adding money to...

    • Posted December 11, 2017
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  • Nearly 1 in 7 Admit Never Checking Credit Report in Exclusive MoneyTips Survey

    How often do you look at your credit report? Not often enough, according to an exclusive MoneyTips survey. While 3 out of 10 Americans said they had looked at their credit history within the last month, nearly...

    • Posted December 8, 2017
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  • FTC Obtains Court Order: Debt Collector Banned from Debt Collection Business

    The final defendant in a debt collection scheme that illegally threatened to arrest or sue consumers and harassed their friends, family members and employers is banned from debt collection activities under a settlement with the Federal Trade...

    • Posted December 7, 2017
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  • Department of Justice Funds Law Enforcement Training to Combat Elder Financial Exploitation

    Nationally representative studies conclude that nearly 10 percent of older Americans have experienced some form of financial exploitation or fraud in the past year, with some experts asserting that financial exploitation is the most common form of...

    • Posted December 7, 2017
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  • 7 Habits of Highly Frugal People

    The 7 Habits of Highly Effective People by Dr. Stephen Covey was first published in 1989 and has sold over fifteen 15 millions books since then, in 38 languages. Covey has since co-authored similar books targeted to...

    • Posted December 6, 2017
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  • Looking to buy a car? Four things to keep in mind

    Buying a car can be overwhelming. There are many things to consider, including your budget, your needs and preferences, and the inventory available at the time. And you see car ads when searching online, when watching TV,...

    • Posted December 6, 2017
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  • FTC Seeks Order to Stop Copycat Scam Pitching Bogus Credit Card Interest-Rate Reduction Services

    Defendants allegedly started the scheme weeks after FTC closed a similar robocall operation The Federal Trade Commission has filed a complaint in federal district court in Orlando to halt an alleged credit card interest-rate reduction scam that,...

    • Posted December 6, 2017
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  • Court Holds Terrason Spinks and Jet Processing Inc. Liable for $280 Million in Consumer Harm Caused by the IWorks Scheme

    Following a trial, a federal court has found Terrason Spinks and his company, Jet Processing Inc., liable for more than $280 million in consumer harm caused by the IWorks scheme. IWorks’ online marketing campaigns falsely claimed that...

    • Posted December 5, 2017
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  • Helping Wounded Warriors

    David Winfrey was one of the excellent panelists at our recent military financial workshop in San Antonio.David is a financial counselor at Fort Sam Houston. He has a passion to help wounded warriors with the challenges they...

    • Posted December 5, 2017
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  • Five Ways Banks and Lenders Work With People Who Speak or Understand Limited English

    More than one out of every 12 people over the age of five in the U.S. are limited English proficient (LEP), meaning that they speak English less than very well, according to the U.S. Census Bureau’s 2016...

    • Posted December 4, 2017
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  • A Five-Step Spending Plan to Avoid Holiday Debt

    The holidays can put a financial burden even on the savviest of shoppers and savers. But like most things, taking time to plan can help you avoid the stress that comes with overspending. Before you hit the...

    • Posted December 4, 2017
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  • CFPB Report Finds Sharp Increase In Riskier Longer-Term Auto Loans

    The Consumer Financial Protection Bureau (CFPB) recently released a report on auto loan trends that found a sharp increase in riskier longer-term auto loans. According to the report, 42 percent of auto loans made in the last...

    • Posted December 1, 2017
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  • Tips for Servicemembers with Student Debt

    When military borrowers are not able to get on track for programs like PSLF, they can end up paying tens of thousands of dollars they would otherwise not owe. Servicemembers report that instead of getting into an...

    • Posted November 30, 2017
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  • AdoreMe Online Lingerie Marketer Prohibited from Deceiving Shoppers About Negative-Option Programs

    An online lingerie marketer has agreed to return more than $1.3 million to customers to settle Federal Trade Commission charges that it deceived shoppers who enrolled in a negative-option membership program offering discounts and other benefits, and...

    • Posted November 30, 2017
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  • Are You Buying or Leasing Your Pet? (Not Joking.)

    This is a new one on me — maybe you, too. Pet leasing: apparently, it’s a thing. And there are many people who paid money not knowing they were actually renting their new pets instead of owning...

    • Posted November 30, 2017
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  • Consumer Experiences with Overdraft Programs

    We’re releasing a report on consumer experiences with overdraft programs. An overdraft happens when you don’t have enough money in your checking account to cover a purchase or payment and your bank or credit union pays it...

    • Posted November 29, 2017
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  • How to Spot a Scammer

    Have you been contacted by someone claiming to be from a government agency who says you’ve won a cash prize? Has someone claiming to be a federal government employee called and threatened you with jail time or...

    • Posted November 29, 2017
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  • Rental Cars: Life in the Toll Lane

    If you’re planning a business trip or vacation, you may have to make a decision about how to pay tolls when you rent a car. Most rental car companies offer ways to pay tolls automatically, but that...

    • Posted November 28, 2017
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  • Credit One Bank Debt Settlement and Payment Plans

    If you find yourself unable to keep up with bills, and you get to the point where your payments with Credit One Bank are going to be late, it may be time to look into your options....

    • Posted November 28, 2017
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  • Tips on Avoiding Fraudulent Charitable Contribution Schemes

    The National Center for Disaster Fraud reminds the public to be aware of and report any instances of alleged fraudulent activity related to relief operations and funding for victims. Unfortunately, criminals can exploit disasters, such as Hurricane...

    • Posted November 27, 2017
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  • FTC Obtains Court Orders Against Telemarketing Scheme That Falsely Pitched Money-Making Opportunities and Grants

    Defendants claimed affiliation with Amazon.com and the government The operators of a telemarketing scheme that pitched phony business and grant opportunities have agreed to be banned from those lines of business under a settlement with the Federal...

    • Posted November 27, 2017
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  • Working for Yourself: The Good and Bad

    This month I’m celebrating three years of being self-employed and, to be honest, that’s actually shocking to type considering how fast time has gone by. These days I can’t imagine driving an hour to work, dealing with...

    • Posted November 27, 2017
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  • FTC Obtains Court Order Against Fraudsters Working With Telemarketing Schemes

    A Utah-based operation that helped allegedly deceptive telemarketers take millions of dollars from consumers’ credit card accounts will be banned from the payment processing business under a settlement with the Federal Trade Commission. According to the FTC,...

    • Posted November 24, 2017
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  • Here’s What You Should Know if You Were Harmed by Morgan Drexen

    We are sending compensation to many people harmed by Morgan Drexen, a debt settlement company. Morgan Drexen violated a federal regulation that prohibits debt settlement companies from charging people upfront fees before settling any of their debts....

    • Posted November 24, 2017
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  • Got a Check in the Mail From the CFPB? Here’s How to Tell if it’s Legit

    If you have received a check from the CFPB, it is because we have taken an enforcement action against a person or company for violating a consumer financial protection law, and you are eligible for compensation as...

    • Posted November 23, 2017
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  • CFPB Takes Action to Shut Down Credit Repair Company for Charging Illegal Fees and Misleading Consumers

    The Consumer Financial Protection Bureau (CFPB) recently filed a proposed final judgment in federal court that would resolve a lawsuit against Prime Marketing Holdings, LLC for illegal credit repair practices. The lawsuit alleged that the company charged...

    • Posted November 22, 2017
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  • Department of Justice Compensates Victims of Bernard Madoff Fraud Scheme With Funds Recovered Through Asset Forfeiture

    The Department of Justice today announced that on Nov. 9, the Madoff Victim Fund (MVF) began its initial distribution of $772.5 million in funds forfeited to the U.S. Government in connection with the Bernard L. Madoff Investment...

    • Posted November 21, 2017
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  • FTC Charges Debt Collection Business Defrauded Consumers into Paying Debts They Did Not Owe

    The Federal Trade Commission charged a Georgia-based debt collection business with tricking people into paying money for debts they did not owe. A federal court temporarily halted the scheme and froze its assets at the FTC’s request. According...

    • Posted November 21, 2017
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  • Florida-based Supplement Sellers Settle FTC False Advertising Charges

    Ads promised to fix everything from the common cold to HIV Three Venice, Florida-based companies and their owners have settled Federal Trade Commission charges that they deceptively marketed and sold dietary supplements to prevent or treat everything...

    • Posted November 20, 2017
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  • TaxSlayer: File this One Under Authentication

    Have you ever filed your taxes using an online tax prep account? If so, you’ll want to know about the FTC’s recent settlement with TaxSlayer, LLC. What happened? From October until December 2015, hackers used user names...

    • Posted November 20, 2017
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  • A 50-State Look at Complaints About Student Loans

    Over the past five years, student loan borrowers across the country have turned to us to submit complaints about the struggles they face when repaying their student loans. We have handled more than 50,000 student loan related...

    • Posted November 20, 2017
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  • FTC Charges Debt Collection Operation Took Consumers’ Money for Phantom Debts

    The Federal Trade Commission has charged a North Carolina debt collection operation with using intimidation and deception to take money from consumers for debts they did not owe, or that the defendants had no right to collect....

    • Posted November 20, 2017
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  • A Nationwide Look at How Student Debt Impacts Older Adults

    In January 2017, we released a snapshot on older Americans and student loan debt. We are now providing additional data regarding the scope and growth of student debt among older borrowers (ages 60 and older) in each...

    • Posted November 20, 2017
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