Scams

Retirees, How to Report Fraud and Scams

File a complaint with the feds, consumer advocates and industry watchdogs if your are victimized by financial scammers. Here's how.

Scammers tend to go where the money is, and older adults with retirement savings increasingly are targets. But you have options to report fraud -- and fight back.

For problems with mortgages, debt collection, credit and other financial products, file a complaint with the Consumer Financial Protection Bureau. The CFPB notes that your complaint helps the agency identify problems for potential action and protect other consumers.

if you find unauthorized charges on your credit card or a caller asks for your Social Security number or other financial information, call AARP's Fraud Watch Network helpline at 877-908-3360. The hotline is run by AARP staff and volunteers with extensive training and experience fighting elder fraud. You can also sign up for biweekly watchdog alerts or check the scam tracking map for fraud trends.

If you think your broker made an unauthorized trade or other suspicious move, contact the Financial Industry Regulatory Securities Helpline for Seniors at 844-574-3577. Finra is a self-regulatory organization governing broker-dealers. You can file a complaint online. If you are aware of investment scams or unfair practices, you can also file a tip with Finra.

Most Popular

25 Best Kirkland Products You Should Buy at Costco
Smart Buying

25 Best Kirkland Products You Should Buy at Costco

Many of warehouse club Costco's store-branded Kirkland Signature items get high marks for quality and value. Check out our picks.
July 21, 2021
Warning: You May Have to Pay Back Your Monthly Child Tax Credit Payments
Tax Breaks

Warning: You May Have to Pay Back Your Monthly Child Tax Credit Payments

Unlike stimulus checks, you might have to repay your monthly child tax credit payments if you get too much money from the IRS.
July 16, 2021
Will Monthly Child Tax Credit Payments Lower Your Tax Refund or Raise Your Tax Bill?
Tax Breaks

Will Monthly Child Tax Credit Payments Lower Your Tax Refund or Raise Your Tax Bill?

Everyone loves receiving large sums of money from Uncle Sam. But people who take advance child tax payments may take a hit on next year's tax refund.
July 31, 2021

Recommended

How Patients with Lasting Symptoms of COVID Can Apply for Disability
Financial Planning

How Patients with Lasting Symptoms of COVID Can Apply for Disability

Those who can no longer work because of COVID-19 may qualify for these benefits but the approval process can be a difficult road.
July 30, 2021
Older Adults Battle Long-Term Effects of COVID-19
Financial Planning

Older Adults Battle Long-Term Effects of COVID-19

Seniors are more likely to suffer from long COVID, and it's unclear when, or even if, they will fully recover.
July 29, 2021
33 States with No Estate Taxes or Inheritance Taxes
retirement

33 States with No Estate Taxes or Inheritance Taxes

Even with the federal exemption from death taxes raised, retirees should pay more attention to estate taxes and inheritance taxes levied by states.
July 26, 2021
10 Least Tax-Friendly States for Retirees
retirement

10 Least Tax-Friendly States for Retirees

When it comes to state and local taxes, retirees in these states are likely to pay more than retirees in other states.
July 26, 2021