consumer protection

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Last week, AARP announced the launch of “ The Perfect Scam”, a weekly podcast profiling America’s most shocking consumer scam stories.
Yield sign with scam alert written on it. Photog: AmanaLang http://www.istockphoto.com/profile/amanalang
Burned once in a scam? Then brace yourself for a repeat rip-off attempt that starts with a promise of help in recovering your initial losses.
Today AARP submitted a letter  to the Consumer Financial Protection Bureau (CFPB) commenting on the agency’s proposal to regulate the payday lending industry. For years, many of AARP’s state offices have engaged their state legislatures and governors to secure consumer protections for Americans who find themselves in need of the small-dollar loans that the payday industry offers.
Looking up free credit score
“Free credit scores” are effective bait. Just ask any of the 200,000 consumers who complained to the Federal Trade Commission about one recent online scheme that lured them with “free” access to their credit scores … then snagged them with a common switch: billing $30 a month for credit monitoring services they never ordered.
Millennials taking group selfie
Despite the popular perception — more likely, because of it — those at highest risk of falling for a scam are millennials, not their grandparents or parents.
Student loan graphic of graduation cap on hundred dollar bills
College students and others who have student loans are the latest target of IRS impersonators. In this iteration of the ongoing, widespread scam, fraudsters threaten arrest and other penalties unless a nonexistent “federal student tax” is paid immediately.
Magnifying glass over browser revealing the URL is a "scam"
The latest ploy cybercrooks are using to spread ransomware and other types of computer malware to provide them with remote access to PCs and Macs or to steal log-in credentials: After buying domain names with a missing or misplaced letter in website addresses belonging to well-known companies, they simply wait for you to make a typo.
Scam map
Fraud is a growing problem across the U.S., with more than 1.2 million fraud-related complaints reported to the Federal Trade Commission’s Consumer Sentinel Network (CSN) in 2015 alone. Among those complaints, a total of $765 million was lost by consumers who fell victim to scams, according to CSN’s February 2016 data book.
Email phishing scams
Phishing attempts on social media have more than doubled over the past year as scammers find new ways to trick people into providing personal and financial information.
Man looking intently at laptop
Ransomware is on a rampage, seizing control of personal computers and institution-wide networks and encrypting files to make them inaccessible until a ransom is paid to release them.
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