Freeze Your Credit - For FREE
Effective September 21, 2018 consumers will be able to place a free credit freeze using Equifax, TransUnion, and Experian. This prevents lenders from providing information about your credit report to open new credit accounts and loans. A credit freeze also a way of preventing identity thieves from opening accounts or accessing credit in your name without your knowledge.
Depending on where people live in the United States, it costs anywhere from $3 to $10 to freeze credit lines plus additional charges to unfreeze it to buy a house, car or open a line of credit. This law, the Economic Growth, Regulatory Relief, and Consumer Protection Act, once in effect, will supersede all existing laws with one national free credit freeze law.
Each of the credit bureaus will then be required to fulfill requests in one business day if it’s made online or by phone, and three business days if by mail. However, even if your line of credit is frozen, you can still make purchases and you are still required to pay the minimum balance on your credit account if there is one.
Take a proactive approach in keeping your personal information just that - personal. Find more information about how to protect it at identitytheft.gov.
Bizarre Phishing Scam Wants to Buy Human Organs (Not THAT One.)
It’s a scheme that has the medical community on alert: scammers soliciting cash payments for donated human organs using social media or text messaging.
The message reads in part: "Do you need to raise cash? We are in need of a kidney donor, and we are ready to buy your kidney in the amount of $120,000.”
Vanderbilt University Medical Center is warning to not fall for this phishing scheme because the practice is illegal. The legitimate life-saving process of organ donation is regulated by the Federal Government and hospitals. Not by people wanting to buy your organs such as a kidney, liver or some other vital organ that’s keeping you alive.
Anyone who receives one of these messages is encouraged to report it to the VUMC Integrity Line at 866-783-2287. The line is available 24/7 to report instances of fraud, waste, abuse, and other concerns.
What the Puck? Were They Really Made in the USA?
A puck manufacturer, a backpack maker and mattress maker are under investigation by the FTC for deceptive claims that their products were made right here in the US of A.
In each case, the FTC discovered a high percentage of the materials that were used to manufacture the items came from overseas such as Mexico or China. In order to make things right and settle the case, all three companies have to show that the products’ final assembly or processing – and all significant processing – takes place in the United States, and that all or virtually all ingredients or components are made and sourced in the U.S. They also have to include a clear disclosure about the percentage of the product contains foreign parts.
The big-picture point is that it’s unwise to try to pass misleading Made in USA claims past consumers. For guidance on applying the “all or virtually all” standard or crafting claims that are carefully qualified, consult the FTC’s Made in USA resources for businesses.
Next Month is BBB Center for Ethics Torch Awards
The 2018 BBB Center for Ethics Torch Awards is Friday, October 19 at the Sharonville Convention Center 11 a.m. to 1 p.m. in the Northern Lights Ballroom
This is Cincinnati’s premier ethics-centered event representing businesses and nonprofits vying for a coveted symbol of ethical practices: The Torch Award.
Torch Award winners have the chance to publicly recognize their employees; establish a sterling image amongst Cincinnati’s businesses and nonprofits; assure customers and benefactors of their reputation at first sight, and rise to the top of their own ideals.
Visit torchtickets.org to reserve your spot today.