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FILE - Lina Khan, then the nominee for Commissioner of the Federal Trade Commission (FTC), speaks a confirmation hearing, April 21, 2021, on Capitol Hill in Washington.
Affected businesses can also report concerns to the FTC. Consumers or business owners can report fraud, scams, and bad business practices at ReportFraud.ftc.gov . Show comments
According to FTC data, reported losses for romance scams totaled $1.14 billion in 2023, with a median loss of $2,000 per person. While we can’t attribute all of the losses to gift cards ...
In an effort to combat the problem, the Federal Trade Commission is cracking down on those who perpetuate fake reviews online. It issued a final rule that bans their sale or purchase and allows the agency to seek civil penalties against knowing violators. The rule becomes effective Oct. 21, 60 days after it was published in the Federal Register.
According to the Federal Trade Commission, small businesses should be on the lookout for phony invoices and unordered merchandise. ... If you spot a scam, report it to ReportFraud.ftc.gov.
The IC3 was founded in 2000 as the Internet Fraud Complaint Center (IFCC), and was tasked with gathering data on crimes committed online such as fraud, scams, and thefts. [1]
The Fair and Accurate Credit Transactions Act of 2003 (FACT Act or FACTA, Pub. L. 108–159 (text)) is a U.S. federal law, passed by the United States Congress on November 22, 2003, [1] and signed by President George W. Bush on December 4, 2003, [2] as an amendment to the Fair Credit Reporting Act.
The FTC received 5,331 complaints containing the phrase “solar panels” between Jan. 1 and Sept. 19 of 2023, up 31% from the entire year of 2022 and up 746% since 2018, when it received just ...