This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
06/28/2023
3 widespread scams even smart people can fall for
Business Insider
With inflation still causing an uptick in costs, many are looking for ways to get out of debt and trying to pinch pennies. Fraudsters are creating scams that prey on consumers' fear of overspending and debt, so it is important to be on the lookout for these predatory scams and to take measures to protect yourself.
Here are a few of common scams being used right now:
1. Student loan forgiveness scam
How it works: Under the Biden Administration, student loan forgiveness applications opened in 2022. As soon as the applications opened, scammers got to work. Student loan forgiveness scammers may set up a phony application website or even try to contact you by phone to collect your banking information and Social Security number. They will try to pressure you into "applying" before the aid runs out, or they might even charge you a fee to apply.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more informationResources
Your electronic library to help in fighting financial fraud for all of our partners.
more information