Credit Card Scams | search
Click here to view Credit Card Scams news from 60+ newspapers.
Bookmark or Share- As Nationwide Fraud Losses Top $10 Billion in 2023, FTC Steps Up ...Consumers reported losing more money to investment scams—more than $4.6 billion—than any other category in 2023. That amount represents a 21% increase over 2022. The second highest reported loss amount came from imposter scams, with losses of nearly $2.7 billion reported.
- FTC Announces New Fraud Reporting Platform for Consumers: ReportFraud ...“Every time you report scams or bad business practices to the FTC, you’re helping to protect your community,” said Andrew Smith, Director of the FTC’s Bureau of Consumer Protection. “With ReportFraud.ftc.gov, it’s quicker and easier than ever to share your story, and each report helps the FTC, and other federal, state, and local law ...
- New FTC Data Show Consumers Reported Losing Nearly $8.8 Billion to ...Consumers reported losing more money to investment scams—more than $3.8 billion—than any other category in 2022. That amount more than doubles the amount reported lost in 2021. The second highest reported loss amount came from imposter scams, with losses of $2.6 billion reported, up from $2.4 billion in 2021.
- Debt Relief and Credit Repair Scams - Federal Trade CommissionDebt relief service scams target consumers with significant credit card debt by falsely promising to negotiate with their creditors to settle or otherwise reduce consumers' repayment obligations. These operations often charge cash-strapped consumers a large up-front fee, but then fail to help them settle or lower their debts – if they provide ...
- Scammers prefer gift cards, but not just any card will doBoth the number of reported gift card scams and total losses have increased every year since 2018. 6 Losses are certainly up due to the higher number of reports, but individuals also report that they’re losing a lot more money. In fact, losses of $5,000 or more have increased from about 8% of reports in 2018 to about 14% in the first nine ...
More
