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News Now

CU System
Scammers try to horn in on clunkers program
WASHINGTON (8/14/09)--The Credit Union National Association (CUNA) is warning credit unions to educate their members about scammers seeking to take advantage of the recently renewed Cash for Clunkers program. The Better Business Bureau (BBB) has reported that identity thieves are using the program to skim sensitive information from consumers. The National Highway Traffic Safety Administration, prior to the passage of the Cash for Clunkers legislation earlier this year, reported websites that were soliciting for the names, addresses and Social Security numbers of potential customers, said BBB. Consumers also reportedly have been solicited by companies that offer to help fill out the paperwork needed to receive vouchers to take part in the program. The BBB has informed potential program participants that they do not need to register or receive a voucher to participate in the Cash for Clunkers program. Also, auto dealerships, not individuals, are responsible for filling out any paperwork associated with the program. The program, which gives car buyers up to $4,500 for trading in older, gas-guzzling vehicles for more fuel-efficient cars, was responsible for an estimated 250,000 new car sales in July. The BBB recommends that interested participants consult the official government site for the program, cars.gov, to answer any questions they may have. CUNA has also provided information on the program, entitled "Understand Clunkers Program--Vouchers for Fuel-Friendly Cars", in its Home & Family Finance Resource Center.


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