As you age, do you feel progressively more vulnerable regarding your potential for being ripped off in a consumer-related scam? That would be only natural, given the sheer proliferation of fraudulent schemes in recent years and the very evident efforts of bad-faith actors in targeting seniors as victims.
United States Supreme Court Justice Sonia Sotomayor recently said she had "a great deal of trouble" with a business model involving the purchase of consumer debt. Sotomayor and the rest of the court heard a case this week revolving around a firm that purchases consumer debt for pennies on the dollar and then tries to recover payments from people in bankruptcy -- even though it is barred by state laws from doing so.
They call it helping veterans.
I am very happy to report that the FBI has arrested a VW executive. The NY Times reports that the FBI accuses "him of playing a central role in a broad conspiracy to keep United States regulators from discovering that diesel vehicles made by the company were programmed to cheat on emissions tests." This form of Dealer Fraud and Manufacturer Fraud is probably just the tip of the iceberg.
The Consumer Financial Protection Bureau has sent its semiannual report to the Congress and president about consumer debt collection complaints and company responses to complaints. The CFPB is a federal agency assigned to consumer protection.