FTC Blogs

Not what you think: Millennials and fraud

Millennials are 25% more likely than people 40+ to report losing money to fraudPeople sometimes think scams mostly affect older adults, but reports to Consumer Sentinel tell a different story. People in their 20s and 30s, a cohort that roughly tracks the so-called Millennial generation, are 25% more likely to report losing money to fraud than people 40 and over generally, and much more likely to report a loss on certain types of fraud.

Voice cloning: Where WOW meets OMG

Have you had this experience? You hear about a remarkable innovation, but before you can finish the phrase “That’s amaz . . . .” you’ve already jumped ahead to the questions and concerns it raises. That’s how many people are responding to voice cloning – emerging technologies that let users make near-perfect reproductions of a person’s voice.

FTC says “Success By Health” is a pyramid scheme

Earn UNLIMITED income! Quit your job! Change your life! Do we have your attention? Good! Are you rolling your eyes? Even better. That means you’ve heard warnings about illegal pyramid schemes that masquerade as legitimate multi-level marketing (MLM) businesses and promise life-changing income, but take your money instead.

Credit repair: Fixing mistakes on your credit report

If you’ve been reading our new year, new credit series, then you have your credit report and learned how to read it. But what if you see mistakes? Maybe it’s an account that you didn’t open, an error in your name or address, or a bankruptcy that doesn’t really belong to you. Here are tips on fixing your credit, while avoiding scams.

2020 Census jobs: It costs nothing to apply

We saw it with the 2010 Census: scammers lying to people about the availability of jobs as census takers, and charging fees to help people get those jobs. If history is any indication, the scammers will likely be back at it for the 2020 Census. Knowing how the recruiting and hiring process works will help you spot, avoid, and report scams.

New year, new credit blog series

With the start of a new year, many of us want to get our finances in order. We often think about budgeting, but what about credit? To help you get a handle on credit, we’ve put together a four-part blog series: (1) why does your credit matter; (2) getting your credit report; (3) reading your credit report; and (4) fixing your credit report.

FTC says Grand Bahama Cruise Line’s robocalls ran aground

Cruise ships should conjure up images of umbrella drinks, shuffleboard, and the Lido Deck – not a sea of annoying robocalls. But according to the FTC, Grand Bahama Cruise Line and others unleashed a tidal wave of illegal calls purportedly pitching free vacations to consumers. The FTC has filed suit against the company and six related defendants. Also announced today: settlements with a call center and three individuals involved in the operation.