Saturday, September 29, 2018

FTC Consumer Alerts: Managing someone else’s money - New protection from ID theft and fraud

Consumer Alerts from the Federal Trade Commission
by Lois Greisman, Federal Trade Commission, Elder Justice Coordinator
Stacy Canan, Bureau of Consumer Financial Protection, Assistant Director, Office of Financial Protection for Older Americans

If you manage someone else's money, protecting your loved one from financial exploitation and scams is among your important responsibilities. Starting September 21st, 2018, a new federal law lets some financial caregivers request a security freeze, also called a credit freeze, on their loved one's behalf. Taking this step can help protect them from identity theft and fraud.

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This is a free service provided by the Federal Trade Commission.

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