FTC

Where to Report Scams (and Why It’s Important)

Posted on 04/18/2014 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsSilence is golden, at least for scammers. Say nothing and their bilking can continue until you and others are bled dry. Speak up and it can stop. Take, for example, another impressive yet little-publicized bust recently announced by the Federal Trade Commission. It ended a telemarketing scheme believed to have scammed more than $20 million from tens of thousands of older Americans. The agency alleges that for 31 months, a network of scammers in the U.S. and Canada cold-called retirement-age Americans …

FTC Raises Concerns About Efforts to Blunt Rx Competition

Posted on 04/10/2014 by | AARP Blog Author | Comments

Public Policy InstituteBiologic drugs are often used to treat health conditions that affect older populations — diseases such as cancer, multiple sclerosis and rheumatoid arthritis. Derived from living organisms, biologics have an estimated average cost of $35,000 a year, which is far more than that of traditional, chemically derived drugs. Congress recently granted the Food and Drug Administration (FDA) authority to approve less expensive generic versions of biologic drugs, known as biosimilars or follow-on biologics. But while the FDA continues to work …

Beware of Fake Funeral Notices

Posted on 02/13/2014 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsWith the latest malware campaign aimed at hijacking sensitive computer files and online accounts, scammers have sunk to a new low — specifically, six feet under. Cybercrooks are emailing fake funeral notifications. Stealing the names and logos of legitimate funeral homes, they appear to be an e-invite to a funeral or remembrance service for an unnamed friend or acquaintance. The gotcha is a link, alleged to provide details about the “upcoming celebration of your friend’s life service.” Click it and “instead …

Buy a car for $99 a month? Check the fine print.

Posted on 01/10/2014 by | Senior Editor, Money Team | Comments

Money & SavingsIf you don’t believe the ultra-low price or attractive finance terms in an advertisement for a new car, your instincts may be right. Some dealers run deceptive ads to lure consumers into their showrooms and then never deliver on their promises, according to a federal regulator. In a nationwide sweep targeting 10 auto dealers, nine of them agreed to settle charges filed by the Federal Trade Commission. The agency’s order prohibits the dealers from misrepresenting the terms of a sale, …

Do Not Fall for “Do Not Call” Scam

Posted on 10/10/2013 by | AARP Blog Author | Comments

Money & SavingsPerhaps the last nuisance phone call you might expect is from the very government agency that’s trying to halt them… especially if your phone number is among the 209 million already listed on the National Do Not Call Registry. Sign up for the AARP Money Matters newsletter It’s scammers —once again — who are posing as representatives of the Federal Trade Commission or the registry with an offer to enroll a phone number or “confirm” or “renew” an existing listing. …

‘Microsoft’ Calling? Don’t Believe It

Posted on 07/18/2013 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsSome people deal with pesky (and usually illegal) telemarketing calls by simply not answering the phone when their Caller ID displays an unrecognized or “private” number. I answer and even engage, so I learn more about telephone scams de jour. But these calls usually end the same way: After I hear their claims, obviously conning callers get their own earful: A blast of a portable air horn into the handset. You know, the kind favored by sea-stranded sailors because it …