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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.
- Scammers prefer gift cards, but not just any card will doWhatever the story, reports show that scammers don’t settle for just any card – they tell people the specific gift card brands to buy. In the first nine months of 2021, over twice as much money was reported lost on Target gift cards than any other brand. Google Play gift cards were next, followed by Apple, eBay, and Walmart cards.
- Romance scammers’ favorite lies exposed - Federal Trade CommissionRomance scammers’ favorite lies exposed. Romance scammers tell all sorts of lies to steal your heart and money, and reports to the FTC show those lies are working. Last year’s romance scam numbers looked a lot like 2021 all over again, and it’s not a pretty picture. In 2022, nearly 70,000 people reported a romance scam, and reported ...
- Credit Cards - Federal Trade CommissionCredit Cards. A Note About Credit Cards: Most legitimate credit cards are issued by banks, which are outside the FTC’s jurisdiction, but the FTC prosecutes non-banks that deceptively market credit cards. We’ve brought almost 60 of these cases, typically against scammers who falsely promise that, in return for an up-front fee, you’ll get a ...
- FTC Sends More Than $2.5 Million to Consumers Deceived by Credit Karma ...The Federal Trade Commission is sending more than $2.5 million to consumers who were misled by deceptive claims from credit services company Credit Karma. The FTC took action against Credit Karma in 2022 , alleging that the company told consumers they were “pre-approved” and had “90% odds” of approval to entice them to apply for credit ...
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