Coming Soon: IRS Private Debt Collectors — and Scammers, Too?

Combine the nation’s biggest scam, the most criticized profession and a new federal mandate issued to the IRS that’s buried in a highway funding bill and what’s the result? The potential for more top-shelf trickery — and, perhaps, a well-deserved “Whaaa?” As part of the FAST Act (Fixing America’s Surface Transportation Act) signed into law last month by President Obama, the IRS is now required, versus permitted, to use private collectors to help recoup owed tax debt. See Section 32102 …

New FTC Rule: How NOT to Pay Telemarketers

The payment methods most favored by con artists because they are hard to trace — and which make it difficult for consumers to recover their money — will be prohibited for all telemarketers, thanks to new requirements by the Federal Trade Commission aimed at curbing financial losses suffered by scam victims. Simple ways to save a buck, expert investment advice, scam alerts and much more! — AARP Money Newsletter » In amending its Telemarketing Sales Rule last week, as AARP and other …