Sid Kircheimer in the September, 2009, AARP Bulletin warns us about this kind of scam often perpetrated by banks in the bank-branded offerings.
Make sure your bank doesn't charge you for bank-branded offerings (like car or life insurance) if you don't want them.
Here's what you can do:
1. Scrupulously review your bank statements upon receipt--you have only 60 days to dispute a charge.
2. Beware of tree trial offers where negative option programs are common.
3. Request a contract.
4. Send certified letters with return receipt requested asking companies not to send information about company-branded programs.
And when is doubt, contact your state attorney general or file a complaint with the Federal Trade Commission.
For more on consumer protection, visit 50somethinginfo.com.