RECAP: National Consumer Protection Week 2016

In case you missed it, here is a recap of the resources we shared last week during National Consumer Protection Week 2016.

• National Credit Union Administration's Fraud Prevention Center
• National Consumer Protection Week website
• Better Business Bureau's BBB Scam Stopper website 
• How to Detect a Credit Card Cloner at the Gas Pump via City Pages Minneapolis

Get Financially Fit! | Fraud & Scam Prevention

The National Credit Union Administration's Fraud Prevention Center is a free resource that helps you learn how to recognize common scams, take action if you think you are a victim of fraud, and what you can do to protect your finances from fraud. The Fraud Prevention Center also provides fraud alerts.

Smart Shopping During the Holidays

Smart Shopping During the Holidays

Source: NCUA Consumer Assistance Center

Keep your finances safe while you shop during this holiday season.

Criminals and scammers use many techniques to fool potential victims. NCUA has put together a list of tips you can use to avoid becoming a victim of a holiday scam. Take a look at a few of the newest and most common scams you should watch for this holiday season.

Read the full article here.

Infographic: 10 Tax Scams to Avoid

The IRS often warns consumers about tax scams this time of year. While it's important to be vigilant as you work with your tax preparer or do your own yearly tax filing, watch out for many of these scams that happen year-round. If you come across any of these consider it a red flag.

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Two Ways Tax Scammers Might Target You

 

 

 

 

 

 

 

 

Two Ways Tax Scammers Might Target You

 

It’s that time of year — tax time. It’s also a great time to get up to speed on tax-related scams. Here are two ways tax scammers might target you:

 

Tax identity theft

This kind of identity theft happens when someone files a fake tax return using your personal information — like your Social Security number — to get a tax refund or a job. You find out about it when you get a letter from the IRS saying:

• more than one tax return was filed in your name, or 
• IRS records show wages from an employer you don’t know

If you get a letter like this, contact the IRS Identity Protection Specialized Unit at 800-908-4490. You can find more about tax identity theft at ftc.gov/taxidtheft and irs.gov/identitytheft.

 

IRS imposter scams

This time scammers aren’t pretending to be you — they’re posing as the IRS. They call you up saying you owe taxes, and threaten to arrest you if you don’t pay right away. They might know all or part of your Social Security number, and they can rig caller ID to make it look like the call is coming from Washington, DC – when it could be coming from anywhere. Leaving you no time to think, they tell you to put the money on a prepaid debit card and tell them the card number right away.

 

The real IRS won’t ask you to pay with prepaid debit cards or wire transfers, and won’t ask for a credit card number over the phone. When the IRS contacts people about unpaid taxes, they usually do it by mail.

 

If you have a question about your taxes, call the IRS at 800-829-1040 or go to irs.gov. You can report IRS imposter scams to the Treasury Inspector General for Tax Administration (TIGTA) online or at 800-366-4484, and to the FTC at ftc.gov/complaint.