scams

Spot and avoid scams and unfair, deceptive, and fraudulent business practices with tips from the FTC, America's consumer protection agency. Learn about recent scams and how to recognize the warning signs.

Source: consumer.ftc.gov

Class-Action Lawsuit Dropped Against Wells Fargo, Zelle
Class-Action Lawsuit Dropped Against Wells Fargo, Zelle
June 29, 2022  |  Security & Fraud

A class-action lawsuit launched against banking giant Wells Fargo and digital payments network Zelle was dropped, Law360 reported. Seattle resident Luke Hartsock claimed he was...

READ MORE >
Santander: ‘Celebrity-Endorsed’ Crypto Scams in UK Could Double
Santander: ‘Celebrity-Endorsed’ Crypto Scams in UK Could Double
June 28, 2022  |  Security & Fraud

Banco Santander is warning customers in the United Kingdom that celebrity-endorsed cryptocurrency scams are on track to nearly double this year. According to an announcement...

READ MORE >
Weekly TechReg EMEA: Google, TikTok Move to Appease Regulators
Weekly TechReg EMEA: Google, TikTok Move to Appease Regulators
June 24, 2022  |  emea

This week, the U.K. government and some regulatory agencies in the country announced changes to regulate the buy now, pay later (BNPL) sector and to...

READ MORE >
Today in TechREG: CFPB Probes Late Fees; UK FCA to Tap AI, Tackle Online Scams
Today in TechREG: CFPB Probes Late Fees; UK FCA to Tap AI, Tackle Online Scams
June 23, 2022  |  Technology

Today in technology regulation news, the U.K.’s Financial Conduct Authority (FCA) announced a new plan to use data analytics and AI to identify and prevent...

READ MORE >
FTC: Consumers Lost Over $1B to Crypto Scams in ’21, Q1 ’22
FTC: Consumers Lost Over $1B to Crypto Scams in ’21, Q1 ’22
June 05, 2022  |  Security & Fraud

Crypto fraud claimed more than $1 billion in losses from consumers between January 2021 and March 2022, according to a Friday (June 3) press release...

READ MORE >
FTC: Financial Education Services Ran $213M Pyramid Scheme
FTC: Financial Education Services Ran $213M Pyramid Scheme
June 01, 2022  |  Security & Fraud

The Federal Trade Commission (FTC) has acted against credit repair company Financial Education Services, accusing it of running a $213 million pyramid scheme, according to...

READ MORE >
Scammers Used Twitter’s Crypto Community to Steal Information
Scammers Used Twitter’s Crypto Community to Steal Information
May 26, 2022  |  Security & Fraud

Scammers are hijacking Twitter accounts to promote questionable cryptocurrency platforms that let them compromise their victim’s information. That’s according to Bloomberg News, which reported Thursday...

READ MORE >
TechREG Weekly EMEA: Top Officials Call for Crypto Regulation; EU, UK Regulators Focus on Consumer Credit Rules, Fraud Prevention Tools
TechREG Weekly EMEA: Top Officials Call for Crypto Regulation; EU, UK Regulators Focus on Consumer...
May 20, 2022  |  Regulation

This week, policymakers and regulators in Europe have continued issuing warnings about cryptocurrencies as “highly speculative assets” and renewed calls for “consistent and comprehensive” crypto...

READ MORE >
Metaverse Weekly: Meta Opens Brick-and-Mortar Store; an NFT Casino Crackdown; Metaverse Search Engine In the Works
Metaverse Weekly: Meta Opens Brick-and-Mortar Store; an NFT Casino Crackdown; Metaverse Search Engine In the...
May 12, 2022  |  Metaverse

A lot of blockchain metaverse boosters like to paint the newly renamed Meta as a threat to the dream of a decentralized immersive virtual world...

READ MORE >