Consumer Skills Fincap Fridays

Buy Now, Pay Later

Buy Now, Pay Later loans (also called point-of-sale loans) from companies such as Affirm & Afterpay allow customers to buy products now & pay later. Payment usually spans over months. But consumer advocates say to be careful!

10/30/2020 - Caught in the Web

Many companies are beginning to use "dark patterns" to trick us into doing things that we may not want to do when we go online. Why is this becoming more popular with big corporations and what are some recent examples?

Friending, Then Spending

Data shows an increase in social media usage over time. This trend does not lead to good things for the younger generations, who are experiencing advanced advertising and marketing techniques as a daily norm.

8/17/2018 - Hackers Plan Global Bank Heist

In Aug 2018 the FBI received reports of cybercriminals that were trying to withdraw unlimited amounts of cash out of ATM’s using stolen debit cards. People need to make sure that their cards and other financial information is secure.

Scammed When You Scan

Since the start of the pandemic, people have become more comfortable using smartphone cameras to scan QR codes. But, cybersecurity experts say QR codes also created new opportunities for fraudsters!

8/30/2019 - The Endless Stream

Digital media has been growing in the past few years, as streaming is cheaper than traditional TV. However, you need to be careful not to sign up for too many subscriptions, as the amount of money will end up surpassing traditional TV.

TikTok Made Me Buy It

With approximately one billion users, the viral app TikTok has grown an audience with incredible spending power. Users spending money in the app can propel a business to record-breaking sales! But is this a good thing?

Viral or Vicious?

This FinCap Friday addresses the dangers that come along with all the wealth of financial advice that has exploded on social media including stock scams and new avenues for hackers.