No, the Acting FTC Chairman Does Not Want Your Bank Account Information

A scam email is claiming to need the information for consumers to receive settlement money

No, the Acting FTC Chairman Does Not Want Your Bank Account Information
Image: Pixabay
June 20, 2017

The Federal Trade Commission (FTC) is tasked with protecting consumers, and scammers are trying to twist this purpose to their advantage.

Consumers are reporting that they have received an email supposedly sent by FTC Acting Chairman Maureen Ohlhausen requesting their bank account information. The email claims that the agency needs the information in order to provide those victimized by Western Union with their funds from the recent settlement.

But it's not true.

"The email is a scam to steal your financial information," the real FTC states. "And it's just the latest variation of an imposter scam."

Although the FTC is involved with the $586 Western Union settlement, it is the U.S. Department of Justice that will be issuing refunds. The refund process has not yet begun.

"The FTC does shut down scams and return money to people who lost it to dishonest or unfair business practices," the agency explains. "But we will never ask for money, your Social Security number, or any banking information so you can apply for a refund or cash a check. If the FTC needs to get money to you, we usually send a check through the mail."

If you receive this or a similar email, do not click on any links in the text or reply to the message. Instead, forward it to the FTC at spam@uce.gov.