Alicia Nelson-Bell, Finance Intern
Living in the technology age and having so much information so easily accessible can help improve our lives, but it can also make it difficult to know that we are getting information from the most trustable and accurate sources. One great, reputable and trustable resource that we want to highlight is the Consumer Financial Protection Bureau or CFPB. The CFPB is a U.S. government agency that makes sure banks, lenders and other financial companies treat you as the consumer fairly. Along with that, they provide lots of great education and tools to help consumers make informed financial decisions as well as teach others, including kids, how to do so.
Believe it or not, scammers take every opportunity at a time like this to collect our personal information and money. As online shopping and remote work increases, here are the current common Coronavirus scams according to the Federal Trade Commission and what to do about them:
SCAM 1: Undelivered Goods. Scammers selling goods online claim they have high-demand items in stock. You place an order and never get your shipment. This is more and more common as anyone can set up shop and look like they’re selling legitimate products.
WHAT TO DO: Stick to sites you know and trust. Check out the seller by searching for previous customer reviews. If you decide to buy, use a credit card to keep record of the transaction and make sure you see ""https" when you check out. If you’re concerned about the pricing of products in your area, contact your state consumer protection officials via www.naag.org .
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