Update: C-SPAN-2 to Broadcast Consumer Protection Summit in Washington

If you are in Washington D.C. on March 8, you’re invited to attend a Consumer Protection Summit presented by the Financial Fraud Enforcement Task Force’s Consumer Protection Working Group.

THE EVENT WILL ALSO BE LIVE ON C-SPAN 2.

The Summit will expose some of the most egregious activities committed by fraudsters today, provide information on how consumers can protect themselves, and share what the Consumer Protection Working Group is doing to combat fraud in these areas.

Some of the dangers that will be discussed include:

  • Financial Fraud Scams: American consumers owe a whopping $11.31 trillion dollars in debt and are behind on paying about $1.01 trillion of that amount.  Mortgages, student loans, and credit cards account for a large portion of that debt. Consumers are often haunted with huge monthly payments, and fraudsters take advantage of that with debt relief scams, tax scams, and other financial fraud scams.  Scams target individuals who are in financial distress, but they fail to fulfill their promises, and typically leave consumers worse off than when they started.  
  • Dietary Supplement Dangers: Dietary supplements may seem harmless, or even beneficial for your health, but are not evaluated or reviewed by the Food and Drug Administration (FDA) for their safety and effectiveness before they are placed on store shelves or sold online.  They may contain questionable ingredients that can cause negative physical reactions in consumers with certain medical conditions or those taking other medications.  Consumers need to do their research to make sure they don’t do more harm than good when they turn to supplements. 
  • Lottery and Imposter Scams:  Lottery scams prey on the elderly and other potentially vulnerable individuals and are increasingly common.  A typical scenario involves a fraudster convincing an individual that he or she has won the lottery, but then tells the target that in order to collect the prize, administrative fees or taxes must be paid up front.  Scammers will take on a wide array of other false identities to convince victims to part with their money.  They pretend they are police officers, federal agents, bank representatives, or even a romantic partner or relative who needs money.  

If you are interested in learning more about identifying scams and how to protect yourself, please attend the Consumer Protection Summit:

March 8, 2013

9:30 am – 12:30 pm

Gewirz Student Center at Georgetown Law School

120 F Street NW (near the Judiciary Square Metro)

Seating is limited.  Please RSVP by contacting Christine.Cardwell@usdoj.gov (or at 202-514-2674).   

The Consumer Protection Working Group (CPWG) is part of President Obama’s Financial Fraud Enforcement Task Force which was established to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes.  The CPWG brings together federal, state, and local law enforcement agencies, regulators, and other stakeholders to protect consumers from fraud that can devastate victims and cause widespread economic harm.  Consumer fraud comes in many forms and can be found in fraud on our nation’s servicemembers, payday lending, high-pressure telemarketing schemes, internet scams, business opportunity scams, and unscrupulous third party payment processors.  Scam artists often target vulnerable populations such as the unemployed and those already struggling with debt.  Through this partnership, the CPWG is working to strengthen consumer protection efforts, leverage resources, enhance civil and criminal enforcement of consumer fraud and educate the public in an effort to prevent consumers from being victimized.  For more information about the Financial Fraud Enforcement Task Force, visit www.stopfraud.gov.

 

Comments

Why is the CFPB not a partner in NCPW?

Leave a Comment

Commenting Policy

Este es un blog moderado; revisamos todos los comentarios antes de publicarlos. Esperamos que los participantes se traten respetuosamente entre sí y que traten con respeto a los demás bloggers. No publicaremos los comentarios que no cumplan con nuestra política de comentarios. Si un comentario incluye un enlace a un sitio comercial, quitaremos el enlace y publicaremos el comentario. Sólo editaremos los comentarios para quitar los enlaces comerciales.

No publicaremos:

  • spam ni cometarios no relacionados con el tema del blog
  • comentarios que contengan lenguaje vulgar, ataques personales o términos ofensivos dirigidos contra grupos específicos
  • ofrecimientos de venta o promociones
  • comentarios que contengan información que sea obviamente engañosa o falsa
  • comentarios que contengan información personal, como por ejemplo, domicilios privados

Los comentarios enviados a este blog se convierten en material de dominio público. Para proteger su privacidad y la de las demás personas, por favor no incluya información personal. No use este blog para reportar el fraude. Si desea puede presentar una queja. Si tiene preguntas sobre la política aplicable a los comentarios, por favor contáctenos.

Read Our Privacy Act Statement

It is your choice whether to submit a comment. If you do, you must create a
user name, or we will not post your comment. The Federal Trade Commission Act
authorizes this information collection for purposes of managing online
comments. Comments and user names are part of the Federal Trade Commission’s
(FTC) public records system, and user names also are part of the FTC’s computer
user records system. We may routinely use these records as described in the
FTC’s Privacy Act system notices. For more information on how the FTC handles
information that we collect, please read our privacy policy.