Category: FTC

BUSTED! Federal Trade Commission Shuts Down Student Loan Debt Relief Scheme

It’s a staggering number. More than 42 million Americans owe a total of nearly $1.5 trillion in student loan debt. It’s no wonder people look for help. But not all help is legit. Scammers are targeting borrowers with student loan debt relief schemes that can actually make things worse.

SCAM ALERT: Federal Trade Commission Provides Key Tips to Avoiding Home Rental Scams

Need more space than an apartment, condo or townhouse can offer, but not ready to buy? A single-family home rental may fit the bill. But not all home rental listings are legit, so here are some tip-offs and tools to help you avoid a rental scam.

FTC Data Shows Steep Rise in Complaints about Social Security Scams

It was just a few years ago that the Federal Trade Commission was flooded with complaints about scammers pretending to be from the IRS who called consumers and falsely told them they owed taxes. In its peak year, consumers reported losing $17 million to these IRS scams.

$505 Million in Refunds Sent to Payday Loan Customers From the Federal Trade Commission

If you took out an online payday loan from a company affiliated with AMG Services, you may be getting a check in the mail from the FTC. The $505 million the FTC is returning to consumers makes this the largest refund program the agency has ever administered.

VIDEO: Federal Trade Commission Warns Against Scammers Posing as Tech Support Companies

You’re working on your computer when, suddenly, a message pops up on the screen: “Virus detected! Call now for a free security scan and to repair your device.” That’s a tech support scam. Don’t call, text, or email. Legit tech support companies don’t operate that way.

VIDEO: FTC Warns Perfume-Like Insect Repellents Claims Not Based on Scientific Evidence

The idea of a perfume-like insect repellent that safeguards against dangerous mosquito-borne illnesses may sound great. But before making a rash decision, take a moment to consider whether the claims a company makes about its products are truly accurate.