Fraud and scams cost consumers a record $10 billion in 2023, according to FTC

Fraud added up to a more than $10 billion problem for consumers last year ... in global consumer spending over more than a few years of activity. Consumers made more than 2.6 million fraud ... Read More

As consumers lose millions to gift card scams, lawmakers pressure businesses

When Denise Brown peruses the tightly packed gift card display at her local CVS in Harlem, New York, she sees the perfect present for her grandson: a Sony PlayStation gift card. Others, acting in bad ... Read More

Romance-investment scams cost residents of Richmond, B.C. $16M last year

Victims groomed over weeks or months ... a “significant rise” in romance scams and investment schemes in the city, with a loss of more than $16 million last year. Police say they received ... Read More

Wind farm firms face investigation over claims they overcharged consumers by £100 million last year alone

Wind farm operators face an investigation into claims that they overcharged by £100million last year alone ... for constraints cost the consumer in excess of £100 million in 2023 alone.' ... Read More

This Is What Fraud Costs Consumers

American consumers lost ... most frequently reported scam types from last year and discover the channels scammers are using the most. Americans filed about 2.3 million fraud reports in 2022 ... Read More

Impersonation scams cost US victims over a billion dollars last year

Money made from impersonation scams is worryingly high, costing victims in the US over $1bn throughout 2023 ... from the University of London, with a year spent studying abroad in the sunny ... Read More

Five expenses are probably causing consumers the most pain

February’s Consumer Price Index (CPI) rose more than expected but inflation over the last 12 months has moderated, rising at a rate of 3.2%. But some things that consumers pay for regularly have ... Read More

How to avoid romance scams, the FBI has a few tips

LEXINGTON, S.C. — According to data from last year's Internet ... fell victim to a romance scam, and lost over $11 million in the process. The State Department of Consumer Affairs says, of ... Read More

People Lost More Than $10B to Scams Last Year — What To Know

People lost more than $10 billion to scams last year, an increase of 14% from 2022 and a new record, according to a recent Federal Trade Commission (FTC) report. Most people lost the most money to ... Read More

Swipe fees cost consumers an estimated $578 million on Valentine’s Day: Study

Swipe fees — fees credit card issuers and issuing banks charge retailers to process debit and credit card transactions — cost consumers an estimated $578 million ... of the year for ... Read More

Rising costs put heat on consumers

That means 1 in 6 households — about 20 million households — in the U.S. are behind on their heating utility bills, according to the association. The rise in home energy costs, Mark Wolfe ... Read More