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District of Columbia Department of Insurance, Securities and Banking

03/08/2018 | Press release | Distributed by Public on 03/08/2018 19:49

DISB Reminds District Residents to Protect Their Financial Interests during National Consumer Protection Week

WASHINGTON, DC) - The District of Columbia Department of Insurance, Securities and Banking (DISB) is reminding District residents and small businesses to protect their money and other financial interests by verifying that financial services providers are properly licensed and the availability of free, noncommercial educational tools to spot and avoid financial scams in observance of this year's National Consumer Protection Week: March 4-10.

National Consumer Protection Week (NCPW) is an annual week-long education campaign that promotes the importance of people understanding their consumer rights and making well-informed decisions about money. NCPW is sponsored by the Federal Trade Commission and is supported by federal, state and local governments and other organizations dedicated to consumer protection.

'There is an upsurge in financial crimes especially through digital means. Individuals and small businesses should manage their risks-related to online crime by establishing cybersecurity protocols,' said DISB Commissioner Stephen C. Taylor.

This week, the Department is encouraging District residents and small businesses to review their bank statements and credit reports to see if any unexpected transactions have occurred. You can order your annual free credit report by visiting www.annualcreditreport.com or calling 1 (877) 322-8228. If you notice any unauthorized activity, you should report it to DISB which has staff that investigates alleged fraud. In 2017, we helped District residents recover over $800,000.

DISB will share tips on how to spot financial fraud. To get the tips directly, visit disb.dc.gov or follow us: @DCDISB or like us on Facebook. Also, here in the District of Columbia, DISB will provide presentations to the public at the Office of the Student Superintendent of Education on March 7, University of the District of Columbia Community Campus, North Capitol Campus on March 8 and Hattie Holmes Senior Wellness Center, 324 Kennedy Street, NW on March 9. For more details on the Department's upcoming events, visit the online calendar available at https://disb.dc.gov/calendar/week/. Also, DISB encourages District residents to join the Financially Fit DC movement at welcome.financiallyfitdc.com to be connected to free, noncommercial educational resources and programs that help you take charge of your financial health.

District of Columbia Department of Insurance, Securities and Banking | Office of Communications
1050 First Street, NE, Suite 801, Washington, DC 20002 | Office: 202-727-8000 | Fax: 202-576-7989

Web: disb.dc.gov | Email: [email protected] | Follow us on Twitter @DCDISB

The mission of the Department of Insurance, Securities, and Banking is two-fold: (1) protect consumers by providing equitable, thorough, efficient, and prompt regulatory supervision of the financial services companies, firms, and individuals operating in the District of Columbia; and (2) develop and improve market conditions to attract and retain financial services firms to the District of Columbia.