Why You Should Never Use Your Debit Card
Scammers are everywhere, and debit cards leave your business exposed. . . .
Skimmers are a popular way for thieves to steal card numbers from gas pumps, ATMs and other machines that accept credit and debit cards. The skimmer is slipped into the card reader slot and once connected, it can not only steal the card number but also PINs and zip codes as they're entered. They're pretty tough to detect, and once a number and PIN is stolen it can be used to create counterfeit cards, make purchases over the phone and carry out other forms of identity theft, like setting up other accounts or loans in your name. . . .
The reason why Abagnale and most IT experts I know avoid debit cards deals with cash flow. If a fraudster can compromise a debit card, that person can access your cash. He or she can drain you and your company's bank account. And then you're stuck chasing. If a criminal makes unauthorized use of your credit card, your cash is still in your account.
In either case, according to the Federal Trade Commission, your liability would be no more than $500 — and more than likely considerably less — depending on when you report the theft. . . .
Read the full article from Entrepreneur magazine here: https://apple.news/Am9EeoNQVTteiFykHKUvs9g
Some elder advocate organizations have put together a pretty good online resource for helping you know how to keep your money safe as you age. (Elders are the main target of scammers.)
Even if you think you have everything all set, it's worth looking these pages over.
The Thinking Ahead Roadmap is for everyone, not just people with significant assets. It includes information specifically geared towards "solo agers" (who don't have an immediate family member or partner to step in) and people with complex personal situations.
This new tool was designed by Dr. Marti DeLiema of the University of Minnesota and by Naomi Karp and Steve Vernon, research scholars at the Stanford Center on Longevity, with support from AARP and the Society of Actuaries. It's based on extensive research through interviews with experts from multiple disciplines (including elder law attorneys on this list - thanks for your help!), focus groups and an online community forum of over 100 older adults.
In addition to the website itself, the roadmap is available in PDF form to download, as are additional helpful documents. In the future, it will be available for ordering in print.
Please help spread the word about the Thinking Ahead Roadmap to your colleagues, clients, families and communities.
Based on the number of people who call me seeking help with timeshares they are unhappy with, I can safely say that, other than herpes, timeshares are just about the worst possible thing you can acquire on a vacation.
Maybe the only thing worse than getting involved in a timeshare in the first place is then getting ripped off again while trying to get out of one. The "timeshare exit" field is full of pirate scammers who are only too happy to have another shot at separating you from even more of your money and preying on your desperation to unload what has turned out to be a horrible idea.
The FTC has some good guidance you should check out (click the link or download the document below the graphic) if you are even thinking of getting within 100 miles of a timeshare sales pitch, or if you have already been snared and are thinking of trying to unload your timeshare.
Oregon has an unclaimed property registry, currently in the Department of State Lands but moving to the State Treasury Office on July 1.
You should check it once in a while - it's quick and easy.
Just click https://unclaimed.unclaimed.oregon.gov/oregon.gov/ and enter your name.
Death Row gifting club scam prevalent in Oregon
Caregiver Act Seminar
ODVA's Aging Veteran Services team held an education session on the federal VA's recently-expanded Family Caregiver Program and how ODVA works to connect veterans and their families to earned federal benefits and programs such as these. The video is watchable below.
Ana Potter, Director of Aging Veteran Services and Kelly Breshears, Assistant Director of Aging Veteran Services will help walk you through the Family Caregiver Program and what the recent changes mean for you and your family.
For those that were unable to join the interactive session, please reach out below with your questions:
ODVA AGING VETERAN SERVICES
This is a slightly modified letter I just sent to a handful of clients for whom I had prepared transfer-on-death (TOD) deeds. If you have used a transfer of death deed in your estate planning, you should consult your estate planning advisor to be sure you understand the risk involved.
SUBJ: Warning: Transfer-on-Death (TOD) Deeds and Insurance Gaps
Urge Congress to Support a Congressional Review Act Resolution to Overturn the OCC's "Fake Lender" RuleDear friends and allies,
Congress has a short window of time to pass a resolution under the Congressional Review Act to invalidate the Office of the Comptroller of the Currency’s (OCC’s) "fake lender” rule. The fake-lender rule enables predatory consumer and small business lenders charging 179% APR or more to evade state- and voter-approved interest rate caps.
ACT NOW! Email your senators and representative to ask them to support the resolution (S.J. Res. 15 or H.J. Res. 35) to overturn the OCC's "fake lender" rule.
The rushed “fake lender” took effect in December and protects “rent-a-bank” schemes whereby predatory lenders (the true lender) launder their loans through a few rogue banks (the fake lender), in order to claim that it is a “bank loan” exempt from state interest rate caps. The fake lender rule overrides 200 years worth of caselaw allowing courts to see through usury evasions to the truth, and replaces it with a pro-evasion rule that looks only at the fine print on the loan agreement.
Congress can use the Congressional Review Act to overturn the rule with only a simple majority vote in the Senate -- no filibuster. But the deadline is approaching, so Congress must act soon.
Please also urge your members of Congress to support the Veterans and Consumers Fair Credit Act, which would stop predatory cost rent-a-bank loans by extending to all lenders, including banks, the 36% APR rate cap that currently protects active duty servicemembers.
Tell Congress to overturn the OCC's "fake lender" rule!
National Consumer Law Center
The author of this piece says "almost never" -- I will go further and say that should be "never" for consumers.
Why You Should Almost Never Buy a Salvage or Rebuilt Title Car
John Gear Law Office -