There are several laws on the books including the Minnesota Antitrust Law of 1971 and the Federal Uniform Deceptive Trade Practices Act that have made it illegal for individuals or retailers to employ sales tactics aimed at getting a buyer to make a purchase.
'Tis the season for false advertising? That's right! Black Friday is right around the corner. Year-end car sales will start being advertised on television, the radio, online and in the newspaper soon as well. The holiday season is just one time during the year during which consumers are vulnerable to falling victim to false advertising.
There are various consumer laws in place here in Minnesota that aim to protect state residents from companies that look to create monopolies. There is also legislation on the books that protect Minnesotans from falling victim to deceptive business owners. Other laws provide consumers with a clear path for taking legal action against any negligent parties that offer a service or manufacture a product that causes them harm as well.
The dating app company Match.com was sued for fraud earlier this week by the Federal Trade Commission (FTC). The company, which owns several other popular relationships apps such as Tindr, PlentyofFish, Hinge and OkCupid is accused of having defrauded its users into believing that they were communicating with others looking for romance. They were communicating with bots instead.
When a company gives you a mortgage, you may feel happy and grateful. You feel like they have done you a favor. You needed the loan to buy your dream home, and they agreed to help you out.
Traveling and partaking in leisure activities can be some of the most enjoyable experiences of your life. But if you're not careful of what you're doing, you could end up the victim of many forms of fraud.
When buying a home, there's a good chance you'll require a mortgage. While it's simple enough to apply for and obtain funds in today's world, dangers are lurking. For example, you could become caught up in a mortgage fraud scheme without knowing it.
In today's world, shopping online is second nature for most people. Not only is it convenient, but it also provides access to the largest selection at the best possible price.
Many scams target senior citizens, as they are often more likely to make a rash and uninformed decisions than younger people. Despite the best efforts of the federal and state governments, there's no way to completely eliminate these scams.
The Minnesota Department of Commerce (DOC) recently issued a public warning intended specifically at senior citizens. In their statement, they warned them about cold callers who may try to reach out to them about a precious metals investment opportunity. DOC officials are warning that they've determined that it's a scam.