Roth IRA: How To Get Around Income Limits
If you are a high earner you probably have been told you can’t make contributions to either a traditional IRA or to a Roth IRA. However, the Wall Street Journal says there is a way…
Finance
ADT Settles FTC Charges For Misleading Advertising
Home Security Company ADT Settles FTC Charges that Endorsements Deceived Consumers Company’s Paid Spokespersons Failed to Disclose Their Connection to ADT. As part of its ongoing crackdown on misleading endorsements in advertising, the Federal Trade…
Feds Recovers $1 Million For Veterans Scammed By Financial Firms
Complaint Snapshot Report Shows Military Consumers Not Seeing Protections They Earned The Consumer Financial Protection Bureau (CFPB) \says that servicemembers, veterans, and their families who complained to the Bureau about financial products or services have…
Feds Sending Rebates To Consumers Scammed By Security Credit Services
Defendants Allegedly Misled Consumers into Paying Unnecessary Fees and Falsely Threatened Them with Lawsuits An administrator working for the Federal Trade Commission is mailing 3,852 checks averaging $91.14 each to consumers who were deceived into…
Sirius Consumer Complaints Keep Streaming In As Attorneys General Investigate
For about four years state attorneys general in Connecticut and other states have been investigating consumer complaints against Sirius satellite radio service. There is no indication when the investigation will be completed. But for Sirius…
Feds Call On Credit Card Companies To Make Credit Scores Available Free To All Consumers
Bureau Report Finds Accuracy Issues Top Credit Report Complaints; Warns on Avoiding Investigations Today the Consumer Financial Protection Bureau (CFPB) called on the nation’s top credit card companies to make credit scores and related content…
Identity Theft Is Top Consumer Complaint
Identity theft continues to top the Federal Trade Commission’s national ranking of consumer complaints, and American consumers reported losing over $1.6 billion to fraud overall in 2013, according to the FTC’s annual report on consumer…
FTC Halts Multi-Million Dollar Work-From-Home Business Coaching Scheme
Consumers Lost Thousands of Dollars Each After Being Told They Could Earn Income Through Online Businesses At the Federal Trade Commission’s request, a federal court entered a temporary restraining order halting a deceptive work-from-home scheme…
Ct Youth Invited to be Smart Consumers, Compete for Prizes in State Consumer Protection Week Contest
Connecticut’s young people aged 12 to 18 are the special focus during Consumer Protection Week, Sunday March 2nd through Saturday March 8th, at the Connecticut Department of Consumer Protection. The agency is hosting an online…
Feds Sue ITT For-Profit Chain For Predatory Lending
ITT Pushed Consumers into High-Cost Student Loans Likely to Fail Today the Consumer Financial Protection Bureau (CFPB) filed a lawsuit against ITT Educational Services, Inc., accusing the for-profit college chain of predatory student lending. The…
Federal Settlement with GMR Transcription Marks the 50th Data Security Case Settled by the Agency
A company that provides medical transcription services has agreed to settle Federal Trade Commission charges that its inadequate data security measures unfairly exposed the personal information of thousands of consumers on the open Internet, in…
Feds Crack Down On Phony “Free” Gift Card Websites That Resold Personal Information
Twelve defendants that allegedly operated websites enticing consumers with bogus offers of “free $1,000 gift cards” for major retailers have agreed to pay $2.5 million in settlements with the Federal Trade Commission. In an amended…
Scammers Hit New Low by Sending Fake “Funeral Notices”
Scam artists are forever trying to trick people into clicking on links that will download malware to their computers. But the latest scam takes the trick to a new low. Scammers are sending bogus emails…
Marketer Settles FTC Charges He Sent Millions of Deceptive, Unwanted Text Messages
An affiliate marketer has agreed to settle Federal Trade Commission charges that he was responsible for sending millions of unwanted text messages to consumers that deceptively promised “free” gift cards and electronics. The marketer, Jason…
Scammers Using Fake Letters From Gov. Malloy
Department of Consumer Protection Commissioner William M. Rubenstein, Attorney General George Jepsen and Department of Emergency Services and Public Protection Commissioner Dora B. Schriro today are advising residents to avoid responding to a letter claiming…
Feds Take Action Against PHH For Mortgage Insurance Kickbacks
Today the Consumer Financial Protection Bureau (CFPB) initiated an administrative proceeding against PHH Corporation and its affiliates (PHH), alleging PHH harmed consumers through a mortgage insurance kickback scheme that started as early as 1995. The…
FTC Charges Email Spammer with Tricking Consumers With Phony Information About the Affordable Care Act
The Federal Trade Commission is taking action against a website operator that allegedly tricked consumers – in advance of the roll-out of the Affordable Care Act (ACA) – with spam emails that falsely claimed that…
Apple To Refund Customers For Kids’ In-App Purchases Without Parental Consent
Apple Inc. has agreed to provide full refunds to consumers, paying a minimum of $32.5 million, to settle a Federal Trade Commission complaint that the company billed consumers for millions of dollars of charges incurred…
Fraurulent Medical Alert Device Marketing Halted After Legal Action
At the request of the Federal Trade Commission and the Office of the Florida Attorney General, a U.S. district court has temporarily halted and frozen the assets of an Orlando-based operation that used pre-recorded…
New Mortgage Rule Resources For Consumers
Today the Consumer Financial Protection Bureau (CFPB) released additional resources for consumers as part of its campaign to educate the public about the new protections provided by the Bureau’s mortgage rules. These new materials include…