According to Credit Builders Alliance, “consumer protection took a big hit in 2018. With a focus on deregulation, rules to protect consumers have been rolled back or delayed and investigations into financial firm’s anti-consumer practices have been slashed, leaving consumers more susceptible to scams and misleading deals.”
To this end, the Federal Trade Commission reports that scammers pretending to be from the federal government are scaring international students into paying them money. The callers typically know the foreign student’s immigration status and the school or program the student is attending. The pretend government official will say there’s a problem with the student’s immigration documents or visa renewal and then will demand immediate payment, often thousands of dollars, for a fee or bogus immigration bond. These callers make threats, including arrest or deportation, if the students do not pay and ask to be paid in cryptocurrency, like Bitcoin or gift cards, like Google Play or iTunes).
The FTC warns that these are scam calls. The federal government do not make such calls, do not make such threats and do not ask for such payments. If you’re concerned about your visa or immigration documentation, call USCIS’s National Customer Service Center at 800-375-5283 or go to ftc.gov/complaint (http://ftc/complaint) if a scammer has contacted you or someone you know.
Additional Consumer Tips for Immigrants
Safe and affordable savings and checking accounts:
Free Business courses: Available in Spanish, Chinese, Russian, Korean, Haitian Creole, French, Bengali and Arabic through NYC’s Immigrant Business Initiative at https://www.nyc.gov/immigrantbusinesses or call 311 and ask for Business Services for Immigrants.
Denise Garrett is a financial counselor at the LDCENY and has more than 25 years experience in financial counseling and retail banking.