Monday, November 29, 2010

FTC Warns Consumers About Online Dating Scams

The Federal Trade Commission, the nation’s consumer protection agency, warns that scammers sometimes use online dating and social networking sites to try to convince people to send money in the name of love. In a typical scenario, the scam artist creates a fake profile, gains the trust of an online love interest, and then asks that person to wire money—usually to a location outside the United States.




Below are some red flags associated with online dating sights:

• They may begin by telling you they are a business man or woman and are either currently doing contract work in an African country or they are in Europe.

• The request for money, typically sent via Western Union, may take one of four forms:

1. A medical emergency

2. Victim of a crime.

3. Visa money and flight money to come to be with you.

4. A business deal is slipping through their fingers.

Monday, November 8, 2010

Starting in 2011, FTC Will Require EnergyGuide Labels for Televisions

Televisions manufactured after May 10, 2011 must display EnergyGuide labels so consumers shopping for TVs will have more information about different models and how much energy they use.


A recent amendment to the Federal Trade Commission's Appliance Labeling Rule will require the familiar yellow-and-black labels on new TVs. The labels, which have long appeared on home appliances such as washing machines and refrigerators, will provide useful information for TVs, such as estimated yearly energy cost and the cost range compared to other similar models

Monday, November 1, 2010

Lifetime Warranties Can Deceive

If you have a “lifetime” warranty on your windows, roof, auto parts, or any product you might want to dig out your paperwork and read the fine print.




The meaning of “lifetime” – when pertaining to warranties – does not always mean forever.



The manufacturers of products offering this warranty must disclose their definition of “lifetime”. The length of time will vary from company to company, and product to product.



For more information on warranties and finding businesses you can trust, visit www.bbb.org/chicago

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