March 4, 2024

CorTrust Celebrates Consumer Protection Week

Financial Literacy

Consumer Protection Week 2024

At CorTrust, we understand the importance of consumer protection and take great measures to ensure our customers are informed and safe. With Consumer Protection Week upon us, we’re taking the time to educate you on your rights and provide helpful tips for staying safe when it comes to your finances.

We believe education is key to empowering you to make informed financial decisions. One of the most important things you can do to protect yourself is to stay informed about your rights. There are several laws and regulations in place to protect consumers from fraud, scams, and other forms of financial abuse. For example, the Truth in Lending Act requires lenders to disclose the terms and conditions of a loan, including the interest rate and fees, before the borrower agrees to it. The Fair Credit Reporting Act gives consumers the right to access their credit reports and dispute any inaccuracies. And the Electronic Funds Transfer Act provides protections for consumers who use electronic payment methods like debit cards and online bill pay.

In addition to these laws, there are multiple steps you can take to protect yourself from fraud and other financial crimes. Some of these steps include:

Protect Your Personal Information

Be wary of giving out your personal information, such as your social security number or bank account information, to anyone you don’t know and trust.

Avoid sharing this information online or over the phone, and make sure to use secure websites and passwords when accessing financial accounts.

Monitor Your Accounts

Regularly review your bank and credit card statements for any unauthorized charges or suspicious activity.

If you notice anything unusual, contact us immediately.

Be Aware Of Scams

Scammers often target individuals through phone calls, emails, and text messages, so it’s important to be cautious when receiving unsolicited communications.

Be skeptical of anyone who asks for money or personal information, and never give out sensitive information unless you’re certain it’s legitimate.

Keep Your Software Up To Date

Make sure to install software updates and security patches on your computer and other devices to protect against viruses and malware.

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