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Consumer Awareness

News for consumers and Action Line columns by Phil Milkins to answer your questions about financial issues.

HEADLINES

Action Line: Any IRS contact will be by snail-mail, not email   9/15/2013

Dear Action Line: I received a mailing from the IRS and wonder if this is typical. I thought all such notices came by email. Should I call the Tulsa IRS on this? - B.N., Tulsa

Action Line: College students at risk of 'friendly fraud' scams   9/13/2013

Dear Action Line: College-bound students should be warned that not all identity thieves call from the Far East - many are the kids down the hall.

Action Line: Don't forget to buy vacation insurance   9/8/2013

Dear Action Line: We are headed for the Caribbean in a few weeks and wonder if we should take out trip insurance. - C.F.A., Tulsa.

Action Line: FTC cracking down on deceptive car dealerships   9/6/2013

Dear Action Line: Are actions ever taken against car dealers who intentionally advertise low prices on cars that are not in stock or that nobody qualifies for? - S.H., Tulsa.

First Fidelity Bank warns of scammers using its name in calls requesting debit card info   9/6/2013

Oklahoma City-based First Fidelity is warning customers and noncustomers that fraudulent phone calls have been made to cellphones and landline phones from individuals claiming to represent the bank and requesting debit card information.

Action Line: Saving tax-related records now could save money later   9/3/2013

Dear Action Line: We were sitting around talking about which income tax stuff you should keep and which you can toss. We never could agree. Can you give us a hand? - L.G., Tulsa.

Action Line: Health-food claims questioned   9/1/2013

Dear Action Line: What are the guidelines on food labeling as far as how far they can go in claiming 'heart healthy' effects? - C.P., Tulsa.

Action Line: Social Security claim age isn't 'slam-dunk'   8/30/2013

Dear Action Line: Do you make more on Social Security retiring at 62 when you live to 84? People say, 'When you start taking it at 62, you collect benefits four years longer than retiring at 66.' I'm sure there's more to it than a simple calculation. So what is it? - S.M., Tulsa.

Action Line: Invention marketing advertisers don't deliver riches   8/25/2013

Dear Action Line: I have an idea for a great invention and noticed these ads on late night cable TV for Davison Design & Development in Pittsburgh, Pa. It sells a program to market inventions, but is this the way to strike it rich with good ideas? - D.M., Tulsa

Action Line: Credit card fraud requires prompt response   8/23/2013

Dear Action Line: A couple I know said someone stole their credit card number and spent $1,270 on their account in Oklahoma City.

Action Line: Send college-bound off in safe, affordable vehicles   8/11/2013

Dear Action Line: My college student is 'buying a hot rod for college' (not happening) so what are some good cars for kids going off to college their first time? - S.H., Tulsa.

Action Line: 'FBI virus' swindle should be avoided   8/9/2013

Dear Action Line: What do you know about this FBI message on computers saying people sent out pornography and then asking for payment of a large fine? I just barely know how to use this *#% thing, let alone send out pornography! - S.T., Tulsa.

Consumer Page: Consumer Financial Protection Bureau looks out for borrowers

Consumer Page: Consumer Financial Protection Bureau looks out for borrowers   8/7/2013

The Consumer Financial Protection Bureau is celebrating its two-year anniversary with much calmer waters ahead, according to Bill Hardekopf, CEO of LowCards.com, which covers the credit card industry from all perspectives.

Action Line: 7 products college freshmen don't need   8/4/2013

Dear Action Line: College is expensive enough without the bad advice we get from relatives and 'former college students' on what first-year college students need. Set us straight on what they don't need. - E.L., Tulsa.

Action Line: Clear-tone works to better hearing devices

Action Line: Clear-tone works to better hearing devices   8/3/2013

The way forward was clear as a bell to brothers Jim and Mike Feeley.

Action Line: College students face big ID theft risks   8/2/2013

Dear Action Line: In mid-August our kids will go off to college, leave their dorm rooms unlocked and have their laptops stolen. They'll fill out paper credit card applications and have their identities stolen, as well. Please warn them and their parents. - C.M., Tulsa.

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