CONSUMER FINANCIAL PROTECTION BUREAU AND NEW YORK ATTORNEY GENERAL FILE LAWSUIT AGAINST ILLEGAL NATIONWIDE DEBT COLLECTION SCHEME Alleges Network of Sham Collections Companies Harass, Threaten, and Deceive Millions of Consumers   Washington, D.C. – Today the Consumer Financial Protection Bureau (CFPB), in partnership with the New York Attorney General, filed a lawsuit in a… Read More

FTC Returns Money to Victims of Debt Collection Scheme The Federal Trade Commission is mailing 3,446 checks totaling more than $830,000 to people who lost money to Centro Natural Corp and Sumore LLC, a telemarketing scheme whose operators were banned from debt collection and telemarketing under a settlement with the FTC. According to the complaint,… Read More

Homeopathy: Not backed by modern science November 15, 2016 by Andrew Johnson Division of Consumer and Business Education, FTC On your pharmacy’s shelves, mixed in with conventional over-the-counter medicines, you might find products labeled “homeopathic.” Marketers of traditional homeopathic products claim they effectively treat symptoms, but lack reliable scientific evidence to support their claims. The… Read More

Enforcement Policy Statement on Marketing Claims for OTC Homeopathic Drugs   The Federal Trade Commission (FTC) is issuing this Policy Statement to provide guidance regarding its enforcement policy with respect to marketing claims for over-the-counter (OTC) homeopathic drugs. It applies only to OTC products intended solely for self-limiting disease conditions1 amenable to self-diagnosis of symptoms… Read More

IRS warns of a new tax bill scam November 17, 2016 by Seena Gressin Attorney, Division of Consumer & Business Education, FTC We certainly understand if the latest IRS imposter scam makes you queasy: it involves a fake IRS tax notice that claims you owe money as a result of the Affordable Care Act. The… Read More