FTC

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 …

Supreme Court: Drugmakers’ Pay-for-Delay Deals Can Be Illegal

Posted on 06/17/2013 by |News | Comments

Bulletin Today | PoliticsDeals between brand-name drugmakers and their generic drug competitors that keep cheaper products off the market might illegally prevent competition, the U.S. Supreme Court ruled June 17. In so-called pay-for-delay deals or reverse settlements, a patent holder pays a would-be competitor not to sell a generic version of a drug for a specified period of time. The brand-name manufacturer can continue to charge monopoly prices, and the generic company is compensated for inaction. In Federal Trade Commission v. Actavis, the …

Foreign Lottery Scams Target Older Americans

Posted on 04/15/2013 by |AARP Blog Author | Comments

Money & SavingsThe following is a guest post by Beau Ballinger, sr. program specialist for AARP ElderWatch in Colorado Recently I learned the story of an Idaho man who was visiting his 81-year-old widowed mother when he noticed large amounts of cash being withdrawn from her bank account, totaling $26,000. His mother admitted that she had been sending money to Jamaica. She’d been told she had won a $2 million lottery, and all she had to do to collect the prize was …

FTC Halts Rent-to-Own Computer Spying

Posted on 09/25/2012 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsThis is a guest post by Sid Kirchheimer. The Federal Trade Commission on Tuesday announced it settled a case with seven rent-to-own computer businesses and a software vendor accused of secretly installing software to spy on customers who rented those machines. The FTC says the installed software, licensed by Philadelphia-area DesignerWare LLC, captured screenshots of confidential and personal information, logged computer keystrokes and in some cases took webcam pictures of people in their homes — all without renters’ notice or consent. …