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Consumer Alert

Paycheck Protection Program loan processor told applicants they would get funding. They overpromised

Colleen Tressler
When it comes to small business loans, time is money. That was especially true early in the pandemic: when many small businesses were struggling to stay open, and Paycheck Protection Program (PPP) funds were limited. So, when Womply advertised that small businesses, including gig workers and one-person small businesses, could get fast PPP funding if they applied through the company, millions of applications came pouring in. The problem, says the FTC, is that Womply didn’t live up to its promises. And that hurt millions of small businesses.
Consumer Alert

Paycheck Protection Program lender pays the price for lying about loan processing times

Colleen Tressler
Delays in processing loans needed by small businesses in an emergency — like the pandemic — can leave them struggling to stay open. And deceiving consumers about these delays violates the law. The FTC says that's what happened when small businesses applied for emergency Paycheck Protection Program loans from Biz2Credit Inc.
Consumer Alert

Celebrate National Consumer Protection Week. Talk about scams

Samuel Levine
That call or text might not seem like a scam. It might look like it’s Apple or Microsoft, saying there’s a problem with your computer. (It’s not.) It might seem like it’s Amazon, saying there’s a problem with an order. (Also no.) It might even sound like your grandchild, calling with (supposedly) an emergency. (Still no.) All of these are scammers. This is National Consumer Protection Week (NCPW) and we’re inviting you to join us in talking about scams just like these.

Invention Marketing Scams

Dishonest invention marketers lie about the profit potential of your invention to get you to pay for expensive, but often useless, services. Here’s what you need to know to avoid an invention marketing scam.
Consumer Alert

Recovering after tornados in Tennessee? Spot the scams

Gema de las Heras
As residents in Tennessee and other southern states begin to assess the damage caused by deadly tornados and severe weather over the weekend, we know the question is not if but when scammers will show up. Whether you’re a homeowner, a tenant, or a business, scammers will try to take advantage while you’re focused on cleaning up and fixing the damage.
Consumer Alert

What do fraud and bad business practices look like in the Latino community?

Cristina Miranda
Scammers target everyone. But scams and reported bad business practices can play out differently in different communities. Sometimes, scammers set out to target a particular community. Sometimes, they tell a group to pay in specific ways. (Specific ways that make it very hard to get their money back, after they discover the scam.) There are also businesses who harm communities by using tactics that trick people into use their services. So, what do scams and bad business practices look like in the Latino community?
Consumer Alert

Veteran entrepreneurs: Spot the scams

Rosario Mendez
The FTC joins the country in honoring veteran entrepreneurs and their families this National Veterans Small Business Week. We offer thanks as you continue to serve communities all over the nation through your businesses. Unfortunately, scammers are ready to take your hard-earned profits and steal your sensitive business data. So, this week, take time to talk to your employees about how scams happen.
Consumer Alert

Fake check scams and your small business

Traci Armani

If someone you don’t know sends you a check and asks for money back, that’s a scam. But what if you’re a small business owner and someone “overpays” you and asks you to refund the balance?