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Fraudsters across the U.S. are sending counterfeit stimulus checks to people in an attempt to con them into paying an advance fee or turning over personal data, the director of the Consumer

Financial Protection Bureau (CFPB) warns. "It's fraud — it's illegal,” Kathy Kraninger told AARP in an interview on pandemic-related frauds on the agency's radar. The

fraudsters sending fake checks could be after sensitive information, such as your bank routing number, says Kraninger, 45, a lawyer who has led the CFPB since 2018. So-called "advance

fee” fraud schemes aren't new, but they adapt to the times. In the latest twist, crooks are trying to capitalize on Americans’ eagerness to receive their stimulus payments, made

possible under a new law called the CARES Act, to make rash choices and divulge personal details that should be kept private. On April 2, the Internal Revenue Service (IRS) warned consumers

that the tax agency would not call them and ask them to verify financial information to get a stimulus check — or to get it faster. The IRS cautioned that scammers might mail bogus paper

checks and tell consumers to call a number or substantiate certain information online to cash it. 80 MILLION STIMULUS PAYMENTS DELIVERED More than 80 million stimulus payments — what the IRS

calls economic impact payments — already have gone out to Americans via direct deposit, federal officials said Saturday, though some consumers still are waiting for theirs. The payments are

up to $1,200 per individual, or up to $2,400 for a married couple. People with eligible dependents under 17 may qualify for an additional $500 payment per dependent. Paper checks are

starting to go out this week. Fraudsters who successfully obtain personally identifiable information such as a Social Security number can commit an array of financial crimes. According to

the CFPB, federal agencies are working with the IRS to alert people to scams related to the stimulus payments. Key points from the consumer protection bureau: * Generally, the IRS will first

contact you by mail, not by phone. * The IRS will not insist upon a payment through a prepaid debit card, gift card, money order, wire transfer or other vehicle. * Federal agencies with

jurisdiction over such illegal practices will work “to stop these scammers and their ill-conceived practices and … enforce the law,” a CFPB spokeswoman says. The CFPB, an independent agency

headquartered near the White House, was begun in 2011 in the wake of the financial and housing crises and Great Recession. Most of its roughly 1,500 staff members, including Kraninger, now

are teleworking as they strive to ensure that banks, credit unions, credit card issuers, lenders including mortgage firms, debt collectors and other financial firms treat their customers

fairly. TWO MORE COVID-19 SCAMS