PYMNTS

SEPTEMBER 28, 2020

The Federal Trade Commission (FTC) found 184,000 instances of pandemic-related fraud had occurred in the United States since the end of August, resulting in the theft of more than $124 million,” per the new Playbook. Strong consumer authentication comes in several forms, and it’s time to pick one. “A

Financial Crimes 81

Financial Crimes Crime Due Diligence Federal Trade Commission 81

PYMNTS

SEPTEMBER 18, 2017

They keep how they collect all the data they have on consumers a secret, locked inside an opaque black box that consumers have to pay to open if they want to see inside more than once a year. Not getting that information right has consequences that are far greater to consumers than the fines the credit reporting agencies have to pay.

Regulations 81

Regulations CFPB Database Consumer Financial Protection Bureau (CFPB) 81

FICO

NOVEMBER 30, 2022

Another colleague of mine, TJ Horan, recently wrote a post about the growth of scams and the potential for regulation and noted that: Data from the FTC shows that to date in 2022, consumers report losing $703 million from bank transfers and payments, $90.6 million from debit card payments, and $82.2

Scams 52

Scams Push-to-Card Fraud Prevention CashApp 52

FICO

APRIL 20, 2023

environment is not faring any better; according to the US Federal Trade Commission (FTC) , US consumers lost at least $8.8 Most common were impostor scams, where consumers or businesses are conned into sending money to criminals that falsely impersonate a legitimate person or business.

Real Time Payments 52

Real Time Payments Scams RTP Payments 52