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How much personal information do you share in a
day? A new FTC video, Sharing Information: A Day in Your
Life, demonstrates how you may — perhaps unknowingly
— share personal information in the course of your day.
The video accompanied the release of the FTC’s final report on privacy, Protecting Consumer Privacy in an Era of Rapid
Change, which calls on companies to give
people greater control over the collection and use of their personal data. |
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A payday lending scheme has
been charged with piling inflated fees on borrowers and making threats when collecting
debts, says the FTC. Instead of the one-time finance fee borrowers expected, the defendants
allegedly made multiple withdrawals from borrowers’ bank accounts, charging a
fee each time and leaving borrowers with debts of more than triple the amount
they had borrowed. Two of the defendants — automobile racer Scott Tucker and his
brother Blaine Tucker — allegedly transferred more than $40 million collected
by the payday companies to another company to pay for “sponsorship” fees benefitting Tucker's automobile racing. According to the FTC, over the last five years the
defendants’ tactics have generated more than 7,500 complaints. Read Fraudulent Online Payday Lenders: Tapping Your Bank Account Again
and Again for more. |
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An operation that took in more than $1 million in an alleged mortgage relief scam
involving “mass joinder” lawsuits has
been stopped at the FTC’s request. According to the complaint, the defendants
masqueraded as a specialty law firm and sent out what looked like a class
action settlement notice. They told people that if they joined a group lawsuit
against their lenders, they could stop foreclosure or get concessions, like
having their principal or interest rate reduced. But after charging each person $6,000 to
$10,000, the defendants didn’t get the promised results, the FTC says. Read Mass
Joinder Lawsuits: A New Twist on Foreclosure Rescue Scams
for more. |
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In response to FTC
charges, a federal judge has ordered the defendants in a deceptive robocall
scheme to pay $30 million in fines. The defendants behind Cash Grant Institute
made more than eight million robocalls, including more than 2.7 million to
phone numbers on the National Do Not Call Registry,
falsely telling people they had qualified for "cash grants." The $30 million in fines is the
largest penalty ever imposed for calling
numbers on the Do Not Call Registry. Meanwhile, the FTC put another robocall operation out of
business, settling charges that it bombarded people with more
than two billion calls pitching things like worthless extended auto warranties. |
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The
operator of social game site RockYou has agreed to settle charges that, while touting
its security, the site failed to protect the privacy of its users, allowing
hackers to steal the personal information of 32 million users. The site, used to
put together photo slide shows, also allegedly collected almost 180,000 children’s
email addresses and passwords without their parents' consent, in violation of
the Children’s Online Privacy Protection Act. Kids also were able to create
profiles and post personal information on slide shows that could be shared
online. The settlement requires RockYou
to implement a comprehensive data security program. |
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"We
ask who should control the personal information consumers reveal — about sites
they view, purchases they make, people they talk to, even physical locations
they visit — when they go online or use their mobile devices. Our resounding
answer? Consumers should have choice and control."
— Jon
Leibowitz, FTC Chairman
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At the request of the
FTC, a judge has ordered the operators and top promoters of a pyramid scheme to pay $17 million for refunds to people harmed by the scam. BurnLounge had touted itself
as a cutting-edge way to sell digital music through multi-level marketing, but the
defendants were operating an illegal pyramid scheme, the FTC says, where most
compensation came from recruiting others into the plan. Most people lost money.
A federal judge has halted a merger between two hospitals in Rockford, Illinois,
finding that the combination requires a thorough review by the FTC in an
administrative trial. The FTC charged that OSF Healthcare System’s plan to
acquire rival Rockford Memorial Hospital would reduce competition and lead to
higher prices for inpatient hospital services sold to commercial health plans.
Do you run a small business that relies on technology in
some way? Then visit OnGuardOnline.gov’s new small
business page, where
you’ll find information that can help you protect your data, your networks, and
your IT systems. That includes
how-to videos and tutorials, training materials for employees, free email
updates, and more.
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IN OTHER NEWS:
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SHARE THIS:
- Your identity’s been
stolen — what next? Check out the FTC's step-by-step identity theft victim
recovery guide: http://go.usa.gov/moI
- Did you know April is
Financial Literacy Month? It’s a great time to check out the FTC’s free
money-related resources: http://go.usa.gov/mo5
- Will they really pay
off your car loan, no matter what you owe? For some, a dealer’s promise could
be misleading: http://go.usa.gov/moN
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