FTC Blogs

Government imposter scams top the list of reported frauds

Pretending to be someone people trust is what scammers do. They may claim to be a well-known company or a beloved family member, but data from the FTC’s Consumer Sentinel Network suggest that pretending to be the government may be scammers’ favorite ruse. Since 2014, the FTC has gotten nearly 1.3 million reports about government imposters. That’s far more than any other type of fraud reported in the same timeframe. This spring, monthly reports of government imposter scams reached the highest levels we have on record.1

FTC-CFPB workshop looks at accuracy in credit and background screening reports

When consumers apply for credit, housing, or employment, consumer reports are often used to help decide whether they can get that loan, apartment, or job. With so much at stake, the accuracy of those reports is of the utmost importance. On December 10, 2019, the FTC and CFPB will host a workshop to discuss issues related to the accuracy of traditional credit reports and background screening reports used by prospective employers and landlords.

Helping Hispanics avoid fraud

Hispanic Heritage Month (Sept 15 - Oct 15) is a time to celebrate the rich culture, heritage, and contributions of Hispanics. It is also a time to reflect on the FTC’s commitment to help Hispanic communities fight fraud. Earlier this year, the FTC brought together key Hispanic leaders from national and local organizations for a robust roundtable discussion devoted to understanding the unique issues and concerns affecting their communities. Their message was simple: empower more Hispanics to fight fraud and scams. Hispanic Heritage Month is the perfect opportunity to do that. The FTC has a ton of sharable resources (including videos) to help spread the word about fraud and scams in English and Spanish.

FTC sends $11.6 million to small businesses stung by supply "unvoices"

On her Control album, Janet Jackson posed the musical question, “What have you done for me lately?” It’s a fair question for small businesses to ask the FTC and the most recent answer would be “Sent 29,333 refund checks averaging $396 and totaling $11.6 million to companies and nonprofits tricked into paying invoices  unvoices, really – for merchandise they didn’t order.” While we’re on the subject, t

FTC sues marketers of student loan “debt relief” – and financer who helped it happen

Every spring at colleges across the country, many graduates receive a diploma in their hand – and an albatross around their neck. The burden of student loan debt weighs heavily on American families. And given the pressures on cash-strapped employees, businesses say they’re paying a price in productivity.

Making CBD health claims? Careful Before Disseminating

Companies and consumers are talking in a different way these days about cannabidiol (CBD), a chemical compound derived from the cannabis plant. But even as the conversation changes, one thing remains the same. Before making claims about purported health effects of CBD products, advertisers need sound science to support their statements.