While our blog tends to focus primarily on regulatory, supervisory and enforcement developments at the CFPB, the CFPB also performs an important function in educating consumers about scams.
I frequently receive voicemail messages at home from people who are tell me that they are calling on behalf of the IRS to warn me that I will be arrested because of problems with my tax returns unless I promptly call a telephone number that they provide. This has been going on for years. Although I remain puzzled as to why law enforcement agencies have been unable to identify and prosecute these scamsters, I give immense credit to the CFPB for a blog it published earlier this week in which it described the IRS scams and how the IRS collects debts.
