A version of this article was first posted on the Community Financial Services Association of America blog.
The Community Financial Services Association of America (CFSA) and its member companies are committed to continuing to meet your needs safely and responsibly while we all adjust to the ongoing coronavirus (COVID-19) pandemic. However, some bad actors are using this public health situation as an opportunity to steal your money, personal information, or both. State and federal agencies have begun sounding the alarm on scammers attempting to leverage this global pandemic to take advantage of consumers, particularly online.
CFSA strongly condemns these unscrupulous practices, and in fact, our members have a track record of working with lawmakers across the country to prevent these bad actors from taking advantage of you. These scammers looking to defraud consumers do not in any way represent the legal, licensed lenders around the country who provide vital credit and non-credit products to millions of Americans.
The Federal Trade Commission has released a list of tips on how to identify and avoid bad actors during this crisis, including:
For additional information, visit the CFPB’s coronavirus hub and the FTC’s website about coronavirus scams. We also recommend that you sign up for FTC Consumer Alerts to get the latest information about new scams as they arise.
For questions, contact Lending Bear today.