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Consumer Federation of America

@ConsumerFed

The Consumer Federation of America is an association of more than 250 nonprofit consumer organizations established to advance the consumer interest.
Washington, DC consumerfed.org Joined September 2009
1.2K Following 8.3K Followers 22K Posts

Latest posts 5

Consumer Federation of America @ConsumerFed
Scammers prefer #crypto because it lets them receive funds almost anonymously.

Since most victims don’t file complaints, actual losses are estimated at $2.7 billion, according to an analysis by the Consumer Federation of America
#Scam

checkbook.org/washington-are…
www.checkbook.org Cryptocurrency ATMs Are Mostly Used as Payment Portals for Scammers One way scammers convince victims to send them money is by using crypto ATMs. Losses at these machines are “skyrocketing,” according to the Federal Trade Commission, which calls them “a payment...
Consumer Federation of America @ConsumerFed
“The incentives are just not aligned to make sure that it’s fair to consumers”

While some companies pitch #SurveillancePricing as a means to set bargains, or deny the practice completely, Peterson-Cassin said its use is widespread and regulation is needed
startribune.com/target-delta-u…
www.startribune.com Target, Delta targeted in federal investigation into personalized pricing The Federal Trade Commission ordered nine companies, which range from airlines to retailers and ride-sharing firms, to turn over detailed information about their pricing practices.
Consumer Federation of America @ConsumerFed
“The #DataBrokers are providing thousands of granular points of information on consumers,” @AdamRust9 says. “An issuer doing its homework doesn’t have any trouble identifying which customers are liquidity-constrained and likely to carry a balance."

bankrate.com/credit-cards/a…
www.bankrate.com How Credit Card Companies Profit From Your Debt | Bankrate Credit card companies make most of their money when you carry a balance, especially if you have bad credit. Here’s how to stop being their best customer.