PYMNTS

AUGUST 5, 2020

A report by the California-based agency, whose mission is to prevent consumers from being defrauded online by learning the identity of individuals or organizations, revealed the number complaints about coronavirus scams has doubled in most states. million to date, according to the FTC.

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FTC Federal Trade Commission Scams Identity Theft 112

PYMNTS

OCTOBER 1, 2019

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over. And millennials are 93 percent more likely than people over 40 to report losing money to fake check scams, which often look like a way to earn money.

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FTC Romance Scams Federal Trade Commission Scams 59

PYMNTS

SEPTEMBER 28, 2016

27) it will return close to $20 million to more than 145,000 consumers around the country who were victimized by One Technologies and its two partner companies in an online scheme that lured consumers with “free” access to their credit scores and then billed them a recurring $29.95 com, FreeScoreOnline.com and ScoreSense.com.

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FTC Returns Scams Federal Trade Commission 64

PYMNTS

MARCH 2, 2018

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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Scams Identity Theft FTC Federal Trade Commission 55

PYMNTS

DECEMBER 1, 2016

2015, the FTC brought charges against Jason A. The FTC claims that the defendants in the case sold applications to Ideal Financial for roughly $0.50 Scammers used consumer information they bought from this operation to make millions in unauthorized charges,” said Jessica Rich, director of the FTC’s Bureau of Consumer Protection.

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FTC Scams Federal Trade Commission Consumer Protection 40

PYMNTS

JUNE 19, 2018

The Federal Trade Commission (FTC) has announced a new law enforcement initiative targeting operations seeking to defraud small businesses. attorneys’ offices and the Better Business Bureau (BBB), the FTC has released the results of Operation Main Street: Stopping Small Business Scams. Postal Inspection Service, two U.S.

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FTC Law Enforcement Scams Federal Trade Commission 43

PYMNTS

MARCH 2, 2016

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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FTC Identity Theft Law Enforcement Scams 41

PYMNTS

APRIL 20, 2018

The potential for bitcoin to be used to scam investors has been a primary concern for many countries. According to a complaint by the Federal Trade Commission (FTC), the accused violated its prohibition against deceptive acts by claiming that three chain referral schemes could generate substantial income for participants.

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Scams Bitcoin Federal Trade Commission FTC 40

PYMNTS

MARCH 10, 2016

The Federal Trade Commission said on Wednesday (March 9) that it requested, and a federal district court granted, bans on seven people, Ideal Financial Solutions and that company’s subsidiaries from collecting or disclosing consumer information. The court, in turn, imposed nearly $80 million in judgments against the defendants.

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FTC Credential Consumer Federal Trade Commission 40

PYMNTS

OCTOBER 1, 2019

A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over. And millennials are 93 percent more likely than people over 40 to report losing money to fake check scams, which often look like a way to earn money.

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Romance Scams Consumer Federal Trade Commission Scams 40

PYMNTS

DECEMBER 17, 2019

The Federal Trade Commission (FTC) is refunding over $2.6 million to small businesses that were scammed by A-1 Janitorial, a New York-based office supply company, the FTC said in a press release on Tuesday (Dec. The FTC is mailing 30,374 checks averaging $86 each to victims of the alleged scheme. In April , a U.S.

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FTC Federal Trade Commission Scams Small Business 53