Sadly, it did not take long for scammers to take advantage of the programs being offered to help individuals and businesses through this current situation. Don't let your guard down! Remember, the IRS and banks will not contact you for bank account information or to verify social security numbers or information on your tax return. Also, you should not pay anyone a fee to process your stimulus check. The Federal Communications Commission (FCC) is receiving reports of potential scams, warning on their website.

Many consumers will receive checks as part of the federal government response to the coronavirus. No one will call or text you to verify your personal information or bank account details in order to "release" the funds. The Treasury Department expects most people to receive their payments within three weeks, via direct-deposit information the department has on file from prior tax filings.

The FCC also warns that "Small businesses are also getting scam calls about virus-related funding or loans and online listing verification." Don't buy the lies. Be cautious if you're being pressured to share any information or make a payment. The FCC also advises: If you think you've been a victim of a coronavirus scam, contact law enforcement immediately.