FTC Consumer Alert

Bank Failures, Mergers and Takeovers: A “Phish-erman’s Special”

If the recent changes in the financial marketplace have you confused, you’re not alone. The financial institution where you did business last week may have a new name today, and your checks and statements may come with a new look tomorrow. A new lender may have acquired your mortgage, and you could be mailing your payments to a new servicer. Procedures for the banking you do online also may have changed. According to the Federal Trade Commission (FTC), the nation’s consumer protection agency, the upheaval in the financial marketplace may spur scam artists to phish for your personal information.

To read the complete article, visit http://www.ftc.gov/bcp/edu/pubs/consumer/alerts/alt089.shtm

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