SCAM ALERT: Fake Loaner Website Tests Consumer of Spotting Scams

The Federal Trade Commission has created a “teaser” website for a fictitious lending company that warns consumers about how easy it is to be fooled by scammers charging up-front fees for bogus loans.

The site also explains how to spot and avoid loan scams.

The website is part of a consumer education campaign to help consumers manage their money and learn to recognize scams.

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