• Nun with ruler
    April 6, 2018

    Wells Fargo shamed by Nuns

    Wells Fargo shamed by Nuns. Wells Fargo has been taken to task for failing to publicly report on the root causes that led to a rash of ethical lapses in recent years by an investor group led by the Interfaith Center on Corporate Responsibility and including about 20 religious organizations as well as state officials from Rhode Island and Connecticut.

    Continue reading
  • Knight in armor on horse
    April 5, 2018

    State unfair deceptive trade practices – what you should know

    The National Consumer Law Center has issued its report on the unfair deceptive trade practices laws in the 50 states and the District of Columbia. The report highlights the strengths and weaknesses of the Unfair and Deceptive Acts and Practices (UDAP) laws that prohibit deceptive and unfair practices in consumer transactions, such as sales of cars and other goods, loans, home improvements, and mortgage transactions.

    Continue reading
  • Cover of US Senate Committee on Aging Report Top Ten Elder Scams
    March 21, 2018

    Elder financial abuse is one of top 10 elder scams

    Top 10 Elder Scams The US Senate Committee on Aging released its report of the top 10 elder scams reported by callers to the Committee’s hotline number. While this is not a scientific methodology, it does give us an idea of some of the scams that folks are reporting. Elder financial abuse makes the list. This is useful information for anyone with a phone, email address, bank account, brokerage account, credit card, … basically anyone.

    Continue reading
  • coin pyramid
    March 17, 2018

    FTC shuts down bitcoin chain referral scheme

    FTC shuts down bitcoin chain referral scheme The FTC shut down a fraudulent scheme that promised big profits to those who sent bitcoin and got others to send bitcoin. This is called a chain referral scheme — basically a pyramid scheme. Here is the FTC’s recent warning. The prospect of big profits is just an illusion.  “Ever get a chain letter in the mail or online? Then you know the drill — you send money to a person at the top of the list, then take their name off and add yours to the bottom before sending the letter to more people. If the letters keep going, you’re supposed to make money as your name moves up the list. In fact, most people are guaranteed to lose money. “Chain letters have been around for decades. Today’s twist: online chain referral scheme s involving cryptocurrencies like bitcoin and Litecoin.

    Continue reading