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New data from the Federal Trade Commission highlights a $10 billion problem. ... Michigan consumers reported losing $151.7 million in 2023 to all types of fraud and scams, according to the ...
Fraud alerts are free and last 90 days or seven years, depending on which type of alert you choose. To reach the three nationwide credit bureaus, just visit their website or give one of them a ...
Visit identitytheft.gov if you shared sensitive information like your SSN. Complaints can be filed via the NJDCA website or via phone at 1-800-242-5846. Consumers can also report scams, potential ...
And the numbers reflect this trend: Fraud cost U.S. consumers more than $7 billion during the first three quarters of 2023, according to the Federal Trade Commission, reported CNBC. This ...
The FTC was established in 1914 with the passage of the Federal Trade Commission Act, signed in response to the 19th-century monopolistic trust crisis. Since its inception, the FTC has enforced the provisions of the Clayton Act , a key antitrust statute, as well as the provisions of the FTC Act, 15 U.S.C. § 41 et seq.
Bait-and-switch is a form of fraud used in retail sales but also employed in other contexts. First, customers are "baited" by merchants' advertising products or services at a low price, but then, when they visit the store, those customers discover that the advertised goods are not available and are pressured by salespeople to purchase similar but higher-priced products ("switching").
Before giving out any information, consider these six signs of a scam. 1. They pressure you. A credit collection scam might use scare tactics and threats to create a sense of urgency in hopes that ...
Credit card fraud is an inclusive term for fraud committed using a payment card, such as a credit card or debit card. [1] The purpose may be to obtain goods or services or to make payment to another account, which is controlled by a criminal. The Payment Card Industry Data Security Standard (PCI DSS) is the data security standard created to ...