Consumers reported losing $210 million to scams across payment apps last year. A new bill wants to help future victims get their money back.

Consumers defrauded while using Zelle or other peer-to-peer payment apps might have increased reimbursement protections under a new bill introduced by Democrats in Congress on August 2. Read More

Report reveals impact of fraud on older consumers - MSN

However, because the majority of frauds are not reported by this age group, that figure represents only a fraction of the fraud impacting older consumers. The FTC estimates the loss may be as high ... Read More

Scammers Are Stealing Millions From Americans’ Bank Accounts - Consumer Reports

Bank imposter frauds and scams, resulting in sizable wire transfers of stolen funds, are not new. And Wells Fargo is not the only bank whose customers experience this kind of trickery. But even ... Read More

With the Consumer Agency on Pause, Here’s How to Protect Yourself

With the government seemingly stepping back from regulatory duties, consumers may have to act as their own financial watchdogs. The Consumer Financial Protection Bureau, the independent federal ... Read More

Billions of dollars are stolen from older Americans in scams | Opinion - The Commercial Appeal

The good news, if you can call it that, is that people 60 years of age or older were less likely to report losing money to fraud than people 18-59. The bad news is that when they lost money, they ... Read More

How a credit union is stopping fraud in its tracks - USA TODAY

In 2024, consumers reported losing $470 million to scams that began with a text message, according to FTC data. Many times, the messages are connected to a fake package delivery. Read More

Older adults are losing billions to scams. Losses exceed those of younger people | Opinion

Older adults lost the most money to investment scams - $538 million, a 34% increase over 2022. Next were business impostor scams ($311 million, 16% increase) and romance scams ($277 million, 16%). Read More

National Consumer Protection Week: New scams exposed, how to keep your cash safe

Report scams – If you receive a suspicious message, report it to the Federal Trade Commission (FTC) or your local authorities. For more consumer protection tips, visit FTC.gov . Read More

AI voice scams are on the rise. Here's how to protect yourself.

But experts say there's a simple way to protect you and your family. ... AI voice scams are on the rise. Here's how to ... She regularly appears on CBS News 24/7 to discuss her reporting ... Read More

FTC report reveals impact of fraud on older consumers

Read the report here.One thing that is important to note is that most senior fraud is not reported.The FTC found that older adults reported losing more than $1.9 billion to fraud in 2023.However ... Read More