Remove Consumer Protection Remove FTC Remove Identity Theft
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FTC: Active Duty Troops 76 Pct More Likely To Report Identity Theft

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Active-duty service members are 76 percent more likely to report identity theft than most people, according to data from the Federal Trade Commission (FTC). The FTC reported in its newest Consumer Protection Data Spotlight that service members typically report misuse of their credit and debit card data.

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FTC Warns Of COVID Scams, Cracks Down On Fake Job Schemes

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The Federal Trade Commission (FTC) has announced a new operation, Operation Income Illusion, to crack down on fraudsters targeting victims with fake promises of jobs or income, according to a press release. The FTC is working with 19 other federal, state and local law enforcement partners in the effort.

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Debt Collection Tops ID Theft On FTC Complaint List

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Among the key subjects of complaints that washed over the Federal Trade Commission’s Consumer Sentinel Network last year included debt collection, identity theft and scams related to impostors. The identity theft designation has been the top complaint category for the past 15 years, said the FTC.

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Study: COVID-19 Fraud Reaches $100M

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These states accounted for one third of more than 150,000 instances of COVID-related fraud reported nationally by the Federal Trade Commission (FTC) since mid-March. million to date, according to the FTC. Those cases have cost victims a total of $97.5 But the scams are not limited to the giant states.

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Millenials Lose More Money To Scams Than Seniors

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But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release. Overall, the FTC is seeing that consumers are losing more money due to fraud in 2017 than 2016.

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