indianz.com your internet resource indianz.com on facebook indianz.com on twitter indianz.com on Google+ indianz.com on soundcloud
phone: 202 630 8439
Kill The Tobacco Master Settlement Agreement
Advertise on Indianz.Com
Home > News > Headlines
Print   Subscribe
CFPB: Protecting your share of Cobell settlement from fraud

Filed Under: Cobell
More on: cfpb, per caps
     

"Hundreds of thousands of Native Americans started getting the first payments last week as part of a long-awaited settlement with the federal government over its management as trustee of Individual Indian Money Accounts. The settlement, commonly known as Cobell v. Salazar, means the arrival of funds for Native Americans across the country. Cash payments like this can be a great opportunity for consumers to build up their assets—but we also anticipate scammers targeting settlement recipients, looking to separate these communities from their money.

If you received money from the Cobell settlement, here are some simple steps you can take to protect your money:

Take your time. Beware of “opportunities” that force you to make a snap decision—high pressure “act now” offers are often used to keep you from understanding the true costs and risks of a product. Never sign anything without asking questions and understanding it first. If necessary, ask a trusted relative, friend, tribal official, or attorney for a second opinion before acting.

Pay off debt. If you took out a loan anticipating money from the settlement or use other expensive credit products, the settlement check is a good opportunity to pay down that debt.

Save. Consider using the settlement funds to start saving. People with savings are better prepared to handle financial emergencies—like a major car or home repair—and are less likely to rely on expensive debt."

Get the Story:
Protecting funds from the Cobell v. Salazar settlement (Consumer Financial Protection Bureau 12/27)

Related Stories:
Judge appoints special master to help with Cobell settlement (12/21)
Deadline for second round of payments from Cobell settlement (12/20)
BSPR: NCAI worried about scams related to Cobell payments (12/17)
Delvin Cree: Cobell brings millions to Turtle Mountain members (12/14)
MTPR: Indian beneficiaries wait for share of Cobell settlement (12/13)
Judge orders first round of payments from Cobell settlement (12/12)
Dina Gilio-Whitaker: Winners and losers in Cobell settlement (12/11)
Upwards of 15K from Turtle Mountain Band to share in Cobell (12/10)
Cobell trust settlement expected to bring $23M to Wyoming (12/10)
Dennis Gingold withdraws as counsel in Cobell trust fund case (12/7)
South Dakota could see $115M in first round of Cobell payout (12/3)
Editorial: Elouise Cobell worked tirelessly for trust settlement (12/3)
Editorial: Priceless lessons learned from Cobell trust fund case (12/3)
Opinion: Cobell trust fund settlement payout 'insultingly small' (12/3)
NPR: South Dakota beneficiaries await share of Cobell payout (11/30)
Jay Daniels: Christmas and Cobell - what about the day after? (11/29)
Upwards of 50K in Oklahoma share in $3.4B Cobell settlement (11/29)
Tribal members in Wyoming could see $8M from Cobell payout (11/29)
Cobell settlement comes too late for beneficiaries who passed (11/29)
Checks for $3.4B Cobell settlement expected in mid-December (11/28)
About 350K to share in first round of Cobell settlement payout (11/27)
Obama announces final approval for Cobell settlement payout (11/26)
About 30K in Arizona expected to benefit from Cobell payouts (11/14)
Geoffrey Rempel: The truth behind the withdrawn Cobell appeal (11/12)
Ask Elouise: Appeals of $3.4B Cobell trust settlement dismissed (11/8)
Cobell settlement cleared after Supreme Court dismisses appeal (11/8)
Mary Aurelia Johns explains reasons for dropping Cobell appeal (11/08)


Copyright © Indianz.Com
More headlines...
Stay Connected:
On Facebook

On Twitter

On Google+

On SoundCloud
Local Links:
Federal Register | Indian Gaming | Jobs & Notices | In The Hoop | Message Board
Latest News:
David Ganje: Wetlands management still a mess in United States (2/28)
Peter d'Errico: Yankton Sioux Tribe battles Dakota Access in court (2/28)
Supreme Court turns down another tribal disenrollment dispute (2/27)
Sioux Nation citizens seek to join Dakota Access Pipeline lawsuit (2/27)
Dakota Access files another status update on construction work (2/27)
Trump team gets more time in Supreme Court tribal casino case (2/27)
Former top legal official at Interior Department joins firm in D.C. (2/27)
Trump administration rolls over for energy firms on Indian land (2/27)
Tim Giago: Lack of a free press is nothing new in Indian Country (2/27)
Bill John Baker: Cherokee Nation works to protect our resources (2/27)
Mark Trahant: The story of Standing Rock won't be going away (2/27)
Jenni Monet: Tribes continue fight as #NoDAPL camps evicted (2/27)
Victor Swallow: Making dresses out of flour sacks at Pine Ridge (2/27)
Albert Bender: The war against Dakota Access can still be won (2/27)
Tiffany Midge: Welcome to America's greatest amusement park (2/27)
Darren Bonaparte: Mohawk people have long history with borders (2/27)
Kyle Mays: Indigenous and African people can find common ground (2/27)
New York Times returns to Navajo Nation for another rez ball story (2/27)
Connecticut tribes finally settle on location for 3rd potential casino (2/27)
Prairie Island Indian Community puts casino name on new project (2/27)
Standing Rock Sioux Tribe blasts Trump claim of 'constant contact' (2/24)
Cheyenne River Sioux Tribe calls out Trump 'lies' on Dakota Access (2/24)
Native Sun News Today: Pine Ridge residents worried about water (2/24)
Editorial: Shutting down Whiteclay won't address our addictions (2/24)
Ivan Star Comes Out: Indigenous people still struggle in America (2/24)
Steve Russell: To all the indigenous writers being born out there (2/24)
Connecticut tribes plan to announce site for potential new casino (2/24)
Cheyenne River Sioux Tribe slams Trump for lack of consultation (2/23)
Native Sun News Today: Tribes asked to participate in 'land grab' (2/23)
Mark Trahant: A victory on Indian health from Washington state (2/23)
James Giago Davies: We've become too proud of our ignorance (2/23)
Cronkite News: Plant closure impacts Hopi and Navajo workers (2/23)
Peter d'Errico: Book is yet another in series of genocide deniers (2/23)
Tanya Lee: Republicans run amok as America focuses on Trump (2/23)
Radio show host in Montana calls Indian basketball fans 'unruly' (2/23)
Congressman who was advocate for Indian Country passes on (2/23)
more headlines...

Home | Arts & Entertainment | Business | Canada | Cobell Lawsuit | Education | Environment | Federal Recognition | Federal Register | Forum | Health | Humor | Indian Gaming | Indian Trust | Jack Abramoff Scandal | Jobs & Notices | Law | National | News | Opinion | Politics | Sports | Technology | World

Indianz.Com Terms of Service | Indianz.Com Privacy Policy
About Indianz.Com | Advertise on Indianz.Com

Indianz.Com is a product of Noble Savage Media, LLC and Ho-Chunk, Inc.